Smith + Schwartzstein
Located In Morristown, NJ and New York, NY

Business Law Archives

Common mistakes that leave proprietary information unprotected

Too many business owners neglect to take the necessary steps to protect their proprietary information. Often, they don't realize just how valuable this information is and how risky it can be if it gets into the wrong hands or becomes public. Taking legal action after such information has been disclosed is more difficult if there was no legal document in place to protect it. It also won't undo the damage that's already been done.

Drafting binding nondisclosure agreements requires care

Many business owners are required to disclose information to employees and contractors that is necessary for them to have in order to do their jobs or that they may become privy to in the course of their work. However, if the information got out, it could harm the company.

The importance of a solid partnership agreement

Forming a business partnership can be an exciting venture. Whether your partner is a childhood friend, your old college roommate, a family member or a former colleague, a partner in business can help ease the load and bring strengths and skills to the business that you don't have.

Commercial leases: What you should know

Making sure your commercial lease agreement is a good arrangement is important to the health of your relationship with your landlord or the property owner. A commercial lease is your contract dictating how much you pay, what kinds of additional expenses there are in the building and other rules and regulations.

The importance of a buy-sell agreement shouldn't be overlooked

Your business is important to you, and against all suggestions, you opened it with friends. You want to make sure you can buy them out if they don't get along with you later and need to know that there's a way to obtain full ownership if the need arises.

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Morristown Office
71 Maple Avenue
Morristown, NJ 07960

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Phone: 973-532-2962
Fax: 973-794-2589
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New York, NY 10175

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