Joint Venture Agreements in New Jersey

Joint Venture Agreements in New Jersey: Ruiz Doolan Law Firm Business Lawyers.

Getting into Business with a Friend? You may need a Joint Venture Agreement.

I) What is a Joint Venture Agreement?

A joint venture agreement is a contract made between two or more individuals or companies to be in a joint venture.  People who create a joint venture agreement want to collaborate on a project while remaining independent. For example: Company A and Company B want to enter in a joint venture agreement for the specific purpose of building houses.

II) Consideration and Planning for A Joint Venture Agreement:

When planning to enter a joint venture agreement there are a few factors to consider:

1) The Form of the Joint Venture: Will the joint venture be in the form of a partnership, LLC. or a contract between companies.

2) Scope of Business

3) Ownership and Control

4) Dissolution

5) Assets

6) Governance

7) Management

8) Budgets

9) Disputes

10) Taxes

11) Financing

12) Breaches

13) Debt

14) Transfers

Without a properly drafted joint venture agreement the parties can be severely under-protected both as to their rights  and as to their asset protection

For more information about Joint Venture Agreements in New Jersey call Ruiz Doolan Law Firm at (201) 880-5563. Mention this blog for a free initial consultation.

 

New Jersey Landlord Tenant Leases

New Tenant, but same old lease?

You need a Bergen County Landlord Tenant Attorney.

Not all lease agreements are created equal. In drafting the lease, the landlord needs to look beyond the standard clauses of amount of rent owed, date it is due and the term of the lease. It is crucial that each lease is individually drafted for that individual tenant as each tenant can create their own individual set of future problems. Failure to consider this and use a template lease for all new tenants will result in future problems when it is time to evict the tenant and/or collect rent that is owed.

 

‘Landlord should look into the tenant’s rental history, income, as well as family resources when determining what terms need to go into the tenant’s rental agreement. Not every tenant that qualifies financially is a necessarily a good tenant to have. In fact, some tenants winding up costing the landlord both financially and emotionally.

These are the type of pitfall that can easily be avoided by using an experienced landlord-tenant attorney to help you draft your lease.

Contact our Bergen, New Jersey Landlord Tenant Attorneys at 201-880-5563 to see how can help you save time, money and protect your investment and property.

Business Attorneys in Bergen County New Jersey

Business Attorneys In Bergen County New Jersey

Why Getting and Outside General Counsel is Cost Effective

Star Ups and Small Business are more than 50% of employers in America.  They have to maintain their inventory, their employees and the payments on track in order to succeed. Having their own in-house counsel  is just too costly.

The problem for a lot of this small companies and start-ups is when they try to do the legal work themselves. We see people with no legal background trying to file lawsuits, writing agreements and really getting themselves in a lot of trouble by not getting legal help.

For example writing non-compete agreement, is not as easy as you won’t copy with me sign here. Choosing your corporate entity, bylaws, articles of formation. An attorney can help you because it would save you from a lawsuit in the future. In the construction world we see small contractors performing work without contracts and getting into a Consumer Fraud Act Violation.

As Business Attorneys in New Jersey, the Ruiz Doolan Law Firms, can help small business and start-up deal with their legal issues at an affordable rate.  You do not need your own  in house counsel.  For more information about our services please contact us at (201) 880-5563