Entering into business with another entity can be an exciting endeavor. However, while such an arrangement could help a company achieve greater success, there may also be a certain level of risk involved. Entrepreneurs in New York who are considering entering a business partnership may find it advisable to place the terms of the arrangement into writing, as a written contract could prove beneficial in a variety of ways.
One recent decision by the U.S. Supreme Court might have escaped the notice of many in the country. We doubt that entrepreneurs in New Jersey and elsewhere missed the news, however, considering the potential scope of the ruling across all areas of industry, including life sciences.