Commercial transactions are of great importance to our economy and the driving force behind many different areas of business. In the United States, business law is governed at the state level and, therefore, New Jersey businesses are governed by New Jersey law. New Jersey-based businesses may engage in commercial transactions with both domestic and international businesses and an experienced commercial transactions attorney can ensure all transactions go as smoothly as possible.
At the Maduabum Law Firm, we also protect you as a consumer against unfair or fraudulent business practices through New Jersey Consumer Law. As a consumer or a business owner, it’s important to know the factors involved in consumer law and how either side can be effected. Contact us today for additional questions regarding New Jersey Consumer Law.
NJ Commercial Transactions Attorneys
It is important for businesses and their owners to devote their time and attention to the product or services that they are offering their customers, as legal distractions can take away from a business’s ability to operate efficiently. For this reason and others, New Jersey businesses engaging in commercial transactions should seek the advice and counsel of skilled, knowledgeable, and experienced commercial transactions attorneys to oversee business deals. Doing so will allow businesses to relieve themselves of unnecessary stresses and also ensures the legal and financial interests of the business are adequately protected.
Commercial transactions attorneys can assist businesses in a variety of different and important areas of practice, ranging from business formation to mergers and acquisitions. At the Maduabum Law Firm, LLC, our team of experienced and knowledgeable attorneys will work with you in order to evaluate your business’s long-term goals and to develop a sound legal strategy that will be successful in addressing the complex legal issues that you may face. Our goal is to help address any potential headaches and complications with any transaction before it happens.
Some of the most important areas of commercial transactions include:
- Mergers and commercial acquisitions
- Drafting and enforcing purchasing and sales agreements
- Negotiating and drafting favorable contracts and commercial agreements
- Engaging with banks
- Conducting due diligence
- Preserving rights and protections for intellectual property
International Commercial Transactions
For businesses, an increasingly connected world helps facilitate a business’s ability to grow its brand on a global level. Today, businesses have greater opportunities to work with a variety of companies and customers across the globe. Still, doing business on an international level requires a solid understanding of both the business and legal implications of commercial transactions. For example, entering into boilerplate commercial agreements with an international customer may result in less favorable shifts in liability in the case of lost or damage products. Businesses who enter into these commercial transactions without adequate understanding of the transactions’ legal implications could find themselves incurring significant costs due to poor planning.
Likewise, businesses that negotiate and draft their own commercial agreements may fail to address the potential for legal conflicts that may arise, by default, in another country. An experienced attorney can help to create favorable agreements that would allow drafting certain protective provisions such as one for “choice of law,” which would give the business the opportunity to select the venue for resolving any potential conflicts that may arise.
Businesses that engage in commercial transactions on an international scale will also be subject to changes in international law and the enactment of certain treaties that can impact any existing commercial transactions already in place with an international customer. Businesses should look to the assistance of an attorney to account for these changes as skilled attorneys will generally have a much better understanding of the ever-changing laws and regulations that can impact how the business’s commercial transactions must be carried out in order to comply with said changes. International laws and regulations can change almost as rapidly as the technology that facilitates international commercial transactions.
Domestic Commercial Transactions
Although international transactions are very popular now given the accessibility to other nations, domestic commercial transactions remain the driving force for New Jersey businesses. Domestically, New Jersey businesses often engage in business to business transactions as well as commercial acquisitions of other businesses or property.
Because business law is almost exclusively governed by state law, it is important that New Jersey businesses understand that domestic commercial transactions, like international transactions, can have varying legal interpretations based upon the location of any party to a commercial agreement. However, a majority of business law is standardized throughout the United States, making it easier to do business across state lines. Still, it is highly advisable to use an experienced group of attorneys in order to facilitate the negotiations and drafting of commercial transactions.
Consult with a New Jersey Commercial Transactions Attorney Today
Almost every business will engage in some type of commercial transaction at some point and there is always a risk that something may go wrong that can result in financial loss and/or legal liability. The experienced attorneys at the Maduabum Law Firm, LLC have assisted many businesses with a wide array of commercial transactions, so please do not hesitate to call our office at 973-732-1490 to discuss your legal needs as soon as possible.