New Jersey Business Law eNewsletters

Dealing with Contractor Disputes in New Jersey

Contractor disputes have bogged down a $2.5 billion New Jersey project to clear millions of tons of sediment in order to dig deeper channels in the Port of New York and New Jersey. The project’s aim it to permit bigger ships entry into the Port. Five years ago, work had already begun when a Texas company, UTEX Environmental Services, complained that the U.S. Army Corps of Engineers was violating its patents. UTEX and the Port Authority worked out an unusual settlement – instead of suing, UTEX got a 15-year contract for the right to process all material dredged from New York harbor. Three, other dredging companies appealed to the Governor to block the settlement, complaining of UTEX’s lack of practical experience and the non-competitive process by which it received the lengthy contract. As a result, the arrangement remained in limbo for several years, and then the Port Authority eventually decided…
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Using Business Contracts to Your Advantage

The state of New Jersey recently modified “right of first refusal” laws pertaining to condominium sales. Sometimes, condominium associations include rights of first refusal in their master deeds or bylaws. This legal tactic can be helpful for owners who want full control over their property. This is merely one example of using business contracts to your advantage. Types of Contract Advantages Entrepreneurs who start companies can also use business contracts to their advantage by structuring equity plans so that only founding partners who contribute initial capital receive equity in exchange for their contribution. Issues such as contribution loans can also give businesspeople tactical advantages with contracts. Prenuptial agreements can give an advantage to a partner who wishes to protect his or her assets in the case of divorce. Real estate businesspeople need to build solid contracts that specifies the terms of a deed and ensures that the pricing is correct…
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What to do When a Customer Sues You

Starbucks is being sued by a customer who printed out a coupon from the Internet for a free Starbucks drink. While the coupon was actually issued by Starbucks, it had been canceled by the coffee giant before it was used, which meant that the man was out of a free drink. While Starbucks expected a few complaints, it did not expect a $114 million suit because the man was not able to get his free drink that day. In this case, Starbucks actually sent the coupon out to their employees themselves, hoping that they would share it with their friends. And they did, until a few websites got a hold of the coupon and made it go viral. But instead of honoring the coupons and keeping their customers feeling good, Starbucks canceled the promotion, which was news to the people who had not gotten the notice. The bad publicity did…
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How to Handle Construction Disputes

Five schools under construction have been delayed due to a dispute between the state of New Jersey and a contractor. The dispute involves the process of bidding for the projects. The state claims it would cut costs and speed production if the design and construction phase is combined. The contractors feel that this process would be unfavorable for small contractors and would cost taxpayers more money. They also feel that combining the bidding may possibly open avenues for corruption and overpricing to occur. When a contract is drafted to build, renovate or add on to a house, disputes between the contractor and owner can happen. A knowledgeable New Jersey business lawyer can assist individuals fighting for their rights to be honored on contracts. Contractor agreements usually spell out what is to entail for a project. However, there may be unclear information that will need to be resolved before work resumes…
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