What is New Jersey Contract Law?
Middlesex County Business Attorneys Supporting Companies Through All Business Litigation in NJ Matters
The team of experienced Middlesex County business attorneys at Spevack Law Firm understands the nuances of legal business language. Our team then effectively applies it to your advantage. From negotiations to final review, each stage of contract development for a business is crucial in obtaining the end goals of your business plan. From business contracts to individual agreements, our business attorneys help our clients with their transactions and foresee or eliminate any potential problems.
We have experience representing our business clients in a range of business litigation cases across New Jersey. Call the business attorneys at Spevack Law Firm today at (732)636-3030. You can also submit an online case review form to learn how our firm can work to protect your company.
What to Know About New Jersey Contract Law for Business Owners
Certain elements must be present to have a legally sound business contract under New Jersey contract law:
- If one party offers the agreement, then the other party must accept it.
- All parties in the agreement must get or expect to get some type of benefit from the contract. Contract law in New Jersey calls this beneficial exchange “consideration.” Without consideration in a business agreement, the court may find that the contract “lacks consideration”. If that is the case, then it is not legally enforceable.
- The parties involved must agree to the offer, exchange of goods or services and agree that they are entering into a business contract.
- All parties must be mentally capable of forming a business contract.
Not all business agreements are written. However, having a written business contract that clearly outlines the expectations and obligations of the parties entering into the agreement can be an asset if a breach in the business contract occurs.
Common Types of Business Contracts in New Jersey
Businesses may enter into or create many different types of contracts with shareholders, employees, customers and suppliers, such as:
- Non-compete agreements
- Partnership agreements
- Purchase agreements
- Lease agreements
- Employment contracts
- Licensing agreements
- Vendor agreements
The language used in business business contracts in New Jersey may impact the future success of a contract dispute case if a party breaches the agreement. The best contracts think of and plan for any possible future legal obstacles.
New Jersey Business Attorneys for Breach of Contract Claims
Since opening our doors in 1928, our New Jersey law firm has successfully represented a range of business clients in contract law cases. This includes Fortune 500 companies and local, small businesses. We know the importance of starting a business off legally sound. This includes guiding our clients in writing contracts or through business contract disputes. Our business attorneys also defend businesses involved in breach of contract, fraud and misrepresentation lawsuits. We always aim to find fair and just outcomes.
New Jersey Law Firm Offering Business Litigation and Contract Law Services
If you find yourself involved in litigation based on the terms, language or execution of a contract, then our Middlesex County business attorneys have the trial experience to help you. If you need help with a contract, then talk to the business attorneys of Spevack Law Firm today. To speak to one of our Middlesex County business attorneys immediately about a potential case, please call (732) 636-3030. You can also fill out a contact form on our site and we can then contact you.