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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Published In:
Business Organization Updates, Commercial Law & Contracts Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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