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.
Reputational Risk and Legal Exposure: Why New Jersey Businesses Must Manage Them Together
New Jersey businesses must manage legal and reputational risk together because modern disputes play out on two fronts at once: the legal proceeding itself and the court of public opinion, where customers, employees, investors, and business partners often reach conclusions long before a judge or jury has had the opportunity to evaluate the facts. Success […]
Eviction Is Not Always the End: Understanding Post-Possession Rent Claims in New Jersey and New York
No. An eviction does not automatically end a tenant’s obligation to pay rent. Post-eviction rent claims are common because recovering possession resolves who has the right to occupy the premises, but it does not extinguish the tenant’s contractual obligations under the lease. Whether unpaid or future rent remains owed depends on three factors: the lease’s […]
Company Dissolved? Legal and Financial Consequences to Expect
A company is dissolved; legally, it ceases to exist. Accordingly, dissolution results in significant legal and financial consequences. It is a process that must be properly managed to avoid continuing liability. The Corporate Dissolution Process Corporate dissolution is the legal process of formally closing a corporation, paying its debts and distributing the remaining assets. Most […]
The Legal Implications of Signing a Triple Net Lease
A triple net lease is a commercial lease in which the tenant pays the property’s real estate taxes, insurance, and maintenance costs, known as the three nets, in addition to base rent. They are most often used in freestanding retail and office buildings and in large single-tenant industrial properties, with terms that typically run 10 […]
When to Settle and When to Fight: A Litigator's Framework
Every lawsuit comes with a cost, and knowing when to settle a lawsuit is one of the most consequential decisions a business owner will face. Experienced litigators understand how to minimize cost and obtain certainty for their clients. For many business owners, the decision is viewed almost entirely through a financial lens: What will it cost […]
What Is Corporate Litigation? A Clear Guide for Businesses
Corporate litigation, also called commercial litigation or business litigation, is the formal legal process through which companies resolve disputes in the civil court system. When a business relationship breaks down and other resolution methods have failed, litigation provides a structured legal mechanism for asserting rights, recovering damages, enforcing obligations, and obtaining court-ordered relief. Unlike criminal […]
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