When faced with economic uncertainety or, even, a business that is about to take off, all too often partnership and shareholder disputes arise. If you are presently faced with uncertainty as to the protection of your equity and ownership interests, the best course of action is to get information and establish a solid plan to protect your interests. Below are articles and information that you should be aware of and, hopefully, provide you with better insight as to the options available to you.
Summary of Partnership/Shareholder Relationships in New Jersey The relationship between business partners is one that is created by law. That is, the rights that you possess in your business and the obligations that you owe to your partner are a function of both New Jersey statutory law (the "partnership laws") and the extensive case law comprised of legal decisions rendered by the New Jersey courts over many years. Partners possess specified legal obligations to one another respecting the day-to day maintenance of their business, the division of profits and the overall governance of business activities. In addition to these statutory rights and obligations, partners possess various "fiduciary" duties and obligations" to one another.
When establishing a partnership or if faced with a partnership dispute, it is critical that you thoroughly understand and assess your legal rights. While it is critical to consult with an experienced attorney, it is also critical that you take proactive steps to better understand your legal rights and thoroughly assess the legal advice that you are given. Selecting the appropriate course of action is critical. Listed below are useful links to some of the relevant provisions to New Jersey's Partnership Laws and to helpful articles written by partnership lawyer Charles N. Internicola, Esq:
To Learn More About Mr. Internicola's Programs Designed to Avoid Unnecessary Partnership Litigation or to Effectively Protect your Interests in Partnership Litigation,contactMr. Internicola, Esq's staff for a Case Review.
ARTICLES ABOUT NEW JERSEY PARTNERSHIP DISPUTES BY NEW JERSEY PARTNERSHIP LAWYER CHARLES N. INTERNICOLA
IMPORTANT DISCLAIMER: The information contained on this website is provided for general educational purposes only, should not be relied on as legal advice and does not serve to create an attorney client relationship. In utilizing this website you acknowledge that there is no attorney client relationship between you and Charles N. Internicola, Esq. and that the information contained on this site does not and cannot serve as a replacement for the competent legal advice of a licensed attorney in your state. The content of this website is subject to the Copyright of its author, Charles N. Internicola, Esq.
