New Jersey Business Divorce: Who Gets the Clients?
by Dan Brecher on May 15, 2012
In many cases, a New Jersey business divorce can be just as difficult as ending a marriage. In both situations, the parties have invested a great deal in the relationship and there are generally significant assets involved.
In fact, when a business breaks up, valuation of the business is often one of the most contentious legal issues. In many service-oriented industries such as law, health care, and accounting, clients may be the most important assets of the business. However, according to a recent New Jersey appellate decision, clients are often not subject to distribution.
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