In business, not every deal needs to be in writing, but knowing when you do need a written contract can mean the difference between an agreement that holds up in court or falls apart. Therefore, it is advisable that contracts be in writing, for three key reasons. First, and most importantly, the law may require it. The…
Tag Archives: Contracts
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At A Glance: What is force majeure
By: Cristina N. Hyde, JD With the new coronavirus disease officially achieving pandemic status last month, many small business owners are experiencing increased concern about their economic survival. Contributing to that concern is the real possibility that New Jersey businesses will not be able to fulfill existing contractual obligations due to the natural consequences arising…