Courts loathe the appointment of receivers. First, it is often the death knell to any viable business. The appointment of a receiver is commonly good cause to default on virtually any well-drawn contract, and it send anyone otherwise interested...
Fiduciary duties among partners change with time and circumstances requiring additional disclosures to inactive members of the partenrship
Microbilt v L2C LLC is a good example of why businesses should make certain that the language of contracts they enter are not only clear and unambigious, but also include everything expected from the contract. NJ appellate Division demonstrates how difficult it can be
Disputes between the owners of a business often involve derivative claims; specifically that one of the parties has breached his or her duty to the business or done something to damage the business.  In the closely held business the...

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