How Do Business Disputes Arise in New Jersey?

Find the right Business Disputes attorney in Paterson, NJ

In New Jersey, business disputes commonly occur over a variety of different matters. Most often, businesses can disagree on the terms of contracts and prior arrangements. Property matters and billing issues also frequently form the basis of disputes between businesses.

What to Do in a Business Dispute?

If involved in a business dispute in Paterson, New Jersey, reviewing any relevant documents, especially contracts, should be the first step. These documents may determine how the dispute will be resolved. If the contracts do not have resolution clauses, or neither business has any recorded documents relevant to the dispute, then the matter may need to be taken to court. New Jersey courts may use legal principles to determine the outcome when the parties have not agreed beforehand about how to handle a dispute. In so doing, they look carefully to a particular case to discover the best resolution for all involved. The fields of contract law and dispute resolution are defined by local state law. Paterson attorneys are accustomed to handling disputes under New Jersey law, and can offer personalized advice for all types of business disputes. An attorney's knowledge of the law may also lead to a more streamlined discussion with the other business about how to resolve the dispute. Negotiations may even enable you to resolve the dispute without going to court.

Alternative Dispute Resolution

Disputes in contracts must often be resolved outside of court according to a dispute resolution clause. Methods of resolving a conflict outside of court are called Alternative Dispute Resolution or ADR. These methods include Mediation, Arbitration and Collaboration. ADR makes going to court unnecessary, because it is designed to reach the same result that a court would have. Still, some methods of ADR entail their own formal procedures, most enlisting a third party to decide a dispute based on local law just as a judge would do. An attorney familiar with ADR in Paterson can counsel you through the process if your business dispute is to be resolved by ADR.

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Life in Paterson

Paterson, New Jersey is the county seat of Passaic County. It has a population of about 147,000 people, making it the third largest city in New Jersey.

Paterson, NJ became known as the "silk city" in the late 19th Century, due to its dominance in the silk-production industry. Paterson, NJ became a major center for other industries in the 20th century, thanks in large part to the presence of the Great Falls, a large waterfall on the Passaic River, which provided much of the energy needed for factories and other heavy industries in Paterson, NJ.

Modernly, Great Falls, NJ is part of an Urban Enterprise Zone, which is a designation under New Jersey Law that stimulates economic growth in areas where it's needed, through reduced sales tax, a fast-track process for obtaining business licenses, and financial incentives, such as tax credits, for businesses that hire new workers. Many Paterson, NJ lawyers were involved in drafting these rules, as well as getting portions of Paterson, NJ designated as such.

Paterson is known for being the residence of Paterson, NJ lawyer Edward Masry, who led the lawsuit against PGE, which was dramatized in the film "Erin Brockovich."

There are many other Paterson, NJ lawyers who can help you with whatever legal issue you may be facing. If you believe that you might need legal representation, there's a very good chance that a Paterson, NJ lawyer can help you.

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