Recent Answers to New Jersey Law Questions

Matthew S.

Answered Dec 16, 2023

No, you can enforce the agreement you entered into.

Donya G.

Answered Oct 21, 2022

Whoever drafts the PSA, will draft it to their benefit. This is the reason that buyers, not sellers, will tend to draft the document as the seller is leaving the business and the buyer is gaining the business. Buyers therefore, tend to benefit from the draft of the agreement as they outline the things they will need to feel comfortable enough to proceed with the sale. I have extensive experience with PSA agreements. If you need drafting or reviewing assistance, you can contact me through the website or directly to my profile page at Donya Gordon Donya Gordon

Donya G.

Answered Oct 18, 2022

You should sign a PSA after you have done your due diligence. You will need to look at the financials and the books of the company and complete any background check, including searching the court system for any lawsuits against the entity. Once you are comfortable with what you see, and you have the PSA reviewed by an attorney and it is in line with what the parties agreed to and protects your rights, then you can sign. As a contracts attorney that specializes in the purchase and sale of business, I can assist you with your PSA. You can find me on the website or my profile page - Donya Gordon Donya Gordon

Angela Y.

Answered Oct 7, 2022

In general, consulting agreements are independent contractor agreements, which in their most basic forms are someone is paying you "x" amount for work that you do with limited or no benefits (i.e. you're not an employee). Important sections include the services section (i.e. what you are doing for them), compensation, restrictive covenants (non-competes, etc.), work product and ownership or work product, and termination. Other important sections depend on what type of services you are providing and the types of risks inherent to those services.

Michael J.

Answered Aug 12, 2022

I am sorry to hear about this situation. Your rights will be primarily dictated by the terms of the contract you signed when you gave the deposit, as well as any subsequent written communications with them. Assuming the terms therein are favorable, a demand letter from an attorney setting forth what specially you want from them and why it’s permitted is the best chance you have of getting this resolved quickly in your favor.

Angela Y.

Answered Aug 9, 2022

The answer depends largely on two factors: 1) what documentation did you sign that had non-compete language and 2) whether the non-compete is enforceable. Many states are trending towards non-enforceability of non-competes, depending on how burdensome they are on the person.