You likely understand that competition within your company's service space can be strong (even to the point of being considered "harsh" or "cutthroat"). Yet while that may be expected to a certain degree, there is a limit to the extent that a competitor can attempt to negatively influence your business. Some might hear the term "deceptive trade practices" and think that any practice that pulls their customers away is deceptive. Fortunately, New Jersey state law has eliminated the potential for any misinterpretation by clearly defining what it considers deceptive trade practices to be.
People in New Jersey know that medical billing and insurance can be very complex. Every health insurance company makes agreements with select health care facilities and providers regarding what services they will provide coverage for and how much money they will pay on behalf of the patient for a given service. These negotiations can be complex and can have direct impact on the patients themselves as well as the medical providers or facilities.
Risk assessments are an essential component of corporate compliance and ethics programs that organizations cannot afford to overlook. When conducted properly, risk assessments are an effective way for companies to monitor and evaluate potential compliance risk within an organization. Here are the top 5 tips, based on our experience, for creating and conducting effective risk assessments:
One of the biggest threats to your New Jersey business these days is a hacker getting your customer information. People who shop with you want to know that you keep their information safe and that nobody can get their hands on it who is not authorized to do so. As a business owner, you are responsible for protecting their information. It is essential that you take certain steps to secure your business files and information systems.
Companies in New Jersey that have enjoyed long-standing relationships with other businesses should never take these connections for granted. While it would be nice to count on continued good relationships, sometimes disputes will still arise and they can even put former collaborators at odds with each other in court. Such is the case for one event promoter and a facility operator, both involved in motor bike racing.
Businesses in New Jersey know that there are many laws, some federal and some state, that they must comply with. Some of these laws pertain to employee rights and fair treatment and can become part of how a company takes care of its people and creates a strong company culture. In recent years, the subject of paid leave from work has become a hot topic across the country. Until just recently, only the District of Columbia and nine states have passed legislation requiring employers to provide some form of paid leave to their workers.
Business disputes are no rarity in America, as the plethora of start-ups continues to grow. Most New Jersey business owners -- no matter the stage of ownership -- understand the importance of resolving potential disputes.
Whether two small local businesses are merging or it's an international, multi-billion dollar deal, mergers require an enormous amount of research and detail to ensure a smooth, legal transition. When Hewlett-Packard purchased the UK's Autonomy Corp. software business in 2011, the two organizations had no intention to be in court seven years later.