Business & Commercial Law
New Jersey Law Blog
Growing, Processing, and Handling Hemp Now Legal in New Jersey – Apply Today
Posted in Business & Commercial Law
New Jersey is now among the first three states to have its Hemp Program approved by the United States Department of Agriculture (the “USDA”). The 2018 Farm Bill legalized industrial hemp production nationwide by removing hemp and its derivatives, such as CBD, from the definition of marijuana under the Controlled… Continue reading
Enforceability of Arbitration Clause in Construction Agreement
Posted in Business & Commercial Law
As most contractors are aware, it is common to have an Arbitration Clause within a typical AIA Construction Agreement that requires the parties to the contract to participate in arbitration in lieu of Court proceedings in the event of a dispute.
Hidden Risks and Costs of Naming Minors as Direct Beneficiaries of an IRA or Qualified Retirement Plan
Posted in Business & Commercial Law
A valuable feature of an Individual Retirement Account (IRA) or a Qualified Retirement Plan (401k, 403b, etc.)(QRP) is the ability to invest without incurring contemporaneous taxes on the investments held in the account. This benefit is available to both the original owner of the account and to designated beneficiaries who… Continue reading
Retailers to Watch for a Bankruptcy Filing in 2020
Posted in Business & Commercial Law
Retail and restaurant Chapter 11 bankruptcy filings continued to grab headlines in 2019. According to CNBC, there were 23 retail bankruptcies in 2019, compared with 17 in 2018. Six (6) retailers and one (1) restaurant chain that were on our “Watch List” in 2019 filed for Chapter 11 protection –… Continue reading
Major Changes are Impacting IRAs and QRPs – How is your Estate Plan Affected?
Posted in Business & Commercial Law
Recently, the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) was enacted into law. The SECURE Act makes significant changes to the administration of Individual Retirement Account (“IRA”) and Qualified Retirement Plan (401k, 403b, etc.)(“QRP”), and was effective on January 1, 2020. For many people, an IRA or… Continue reading
Don’t Throw Away That Old Calendar – It Could Be Helpful in Your Divorce
Posted in Business & Commercial Law
As the year comes to an end, a new calendar was likely a present received during the holiday season. Many of us instinctively throw out an old calendar. But wait; it can be so much more than a trip down memory lane!
Expungements Erasing Your Mistake
Posted in Business & Commercial Law
We live in a time where information flows freely, quickly, and openly to both individuals and companies alike. As a result, the availability of a criminal record search, or other similar search concerning an individual is easily obtained. In fact, a search can often be performed without the consent or… Continue reading
End of the Year Bonuses – Do They Have to Be Shared with My Ex?
Posted in Business & Commercial Law
The end of the year is coming, and for many employees that means end of the year bonuses will be included in their paychecks this month. Many question whether their bonus should be included as “income” for the purpose of support obligations, as well as equitable distribution in the context… Continue reading
International Child Abduction and the Hague Convention
Posted in Business & Commercial Law
The world is increasingly becoming a smaller and more accessible place. Globalization and international employment opportunities have made it common for people to move or be transferred to foreign countries. The increased possibility of living abroad combined with marriage and/or children may result in complex issues. Which country’s laws apply… Continue reading
Estate vs. Non-Estate Assets
Posted in Business & Commercial Law
In the process of probating and administering a Last Will and Testament of a Decedent, questions may arise whether assets owned by the Decedent are considered Estate assets or non-estate assets. This is called the distinction between probate and non-probate assets. It is important for determining Estate taxes to make… Continue reading
