Car Vending Machines: Tech start-up Carvana is hoping to completely change the way Americans buy cars and make the process less painless for consumers. The vehicle search, trade-in, purchase and financing process takes place exclusively online. Once the transaction is completed, buyers can have their vehicles shipped directly to their driveways or pick them up. Carvana also recently launched the world’s first fully automated, coin-operated Car Vending Machine in Nashville and will fly buyers there for free.
Drone Racing: The sale of drones has exploded in recent years, with consumer drone sales expected to reach 700,000 by the end of the year, which is an increase of more than 60 percent over 2014 figures. As more hobbyists are learning to fly the small-unmanned planes, they are also gathering to engage in some friendly competition. While the sport of drone racing is still in its early stages, organizers are hopeful that it will soon lead to financial gain. According to Charles Zablan, the chief operating officer of the California-based International Drone Racing Association, drone racing could be the next X Games, motocross racing and Red Bull air racing. As reported by the New York Times, the Drone Racing League recently announced a $1 million investment from Stephen M. Ross, who owns the Miami Dolphins.
Robotic Mind Control: Robots are also poised to revolutionize the medical field, with several high-tech tools nearly ready for commercialization. One of the most innovative is the development of prosthetics that can be controlled with a person’s mind just like a normal limb. At a Johns Hopkins University laboratory, researchers are fine tuning robotic arms with more than 26 joints, known as Modular Prosthetic Limbs, that exclusively use brain signals to control movements, including the ability to lift, grip, and otherwise manipulate objects. Other researchers, including those working with the federal government, are working on similar devices that could eventually help millions who are amputees.
Pet Trusts in New Jersey and New York: A Practical Estate Planning Tool
For many of us, pets are more than companions—they are members of the family. Yet they are often overlooked or inadequately provided for when it comes to estate planning. A pet trust offers a legally enforceable way to ensure that your animal continues to receive proper care if you become incapacitated or pass away. As […]
For many New Jersey business owners, a closely held company represents decades of work, financial investment, and personal sacrifice. Trusts in business succession planning are one of the most effective tools for protecting that value, allowing founders to control how and when the business passes to the next generation while reducing the risk of disputes, […]
Read Before You Sign: IT Contract Pitfalls Every NJ Business Should Know
In today’s digital economy, New Jersey businesses of all sizes rely heavily on technology vendors, software providers, cloud platforms, and managed IT services. Whether your company is purchasing software, migrating data to the cloud, engaging a cybersecurity consultant, or entering into a long-term managed services agreement, a careful IT contract review can have significant operational, […]
Non-disclosure agreements (NDAs) remain a critical tool for protecting sensitive business information. However, New York NDA requirements have evolved, and businesses must ensure these agreements are carefully drafted to remain enforceable. In a competitive market like New York City, NDAs are commonly used to protect proprietary information, client relationships, and strategic plans. At the same […]
How Courts Evaluate Testamentary Capacity and Undue Influence Will contests in New Jersey are difficult to win, given the strong presumption that a properly executed will reflects the testator’s intent. However, challenges based on lack of testamentary capacity and undue influence remain common, particularly where there are concerns about mental capacity or the involvement of […]
Bringing on outside investors can provide the capital and strategic support a business needs to grow. However, raising capital also introduces important legal, financial, and operational considerations. Before bringing on investors, businesses should address key legal issues to reduce risk, streamline investor due diligence, and position the company for long-term success. Early preparation signals that […]
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