Scarinci Hollenbeck, LLC
The Firm
201-896-4100 info@sh-law.comFirm Insights
Author: Scarinci Hollenbeck, LLC
Date: April 13, 2020
The Firm
201-896-4100 info@sh-law.comYou don’t always need a binding contract to win a business lawsuit. In some cases, New Jersey courts will impose liability even though some of the essential elements of a contract are missing. These equitable remedies are based on “fairness,” and they are intended to redress the wrong suffered from the breaching party’s actions when traditional legal remedies are not available.

To start, it is always advisable to have a written contract that details the contract rights and remedies that are available if one party fails to perform. Under New Jersey contract law, the following elements are required to form a binding contract:
Of course, we don’t live in a perfect world, and business deals sometimes fall short of satisfying the above requirements. The good news is that you can often still file a New Jersey lawsuit to enforce the contract.
For instance, a contract may still be enforced even if there are missing terms. If essential terms are either agreed upon or may be inferred from conduct or context, a court can still enforce a contract even if there are missing non-essential terms In such cases, the court will often imply a term when the parties fail to do so. Additionally, the court may imply a term if it’s necessary to give a contract a reasonable construction. For instance, if a contract does not state its duration, the court may imply that the contract is to be performed or continue for a reasonable time, which may be determined based on the type of contract that it is, the past dealings of the parties, etc.
New Jersey also recognizes several equitable remedies that can be used to enforce an otherwise unenforceable contract. Below are the most common examples:
In order to convince a New Jersey court to order one of the above equitable remedies, you will need to provide evidence. In order to convince a New Jersey court to order one of the above equitable remedies, you will need to provide evidence. So, when there is no written contract, you will need documentation to back up your claims, such as email correspondence, written documents, invoices, or witness testimony.
If you have any questions or if you would like to discuss the matter further, please contact me, Peter Yarem, or the Scarinci Hollenbeck attorney with whom you work, at 201-896-4100.
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.

Few situations create more uncertainty than learning that an employee has filed a whistleblower complaint. Questions arise immediately: Is the allegation legitimate? Should the employee be placed on leave? Do we need to notify our insurance carrier? Are we now prevented from disciplining the employee if there are unrelated ongoing work related issues? There is […]
Author: Sean M. Pena

When a business reaches the point where it can no longer service its debts or otherwise resolve its liabilities, management is often faced with a difficult question: is a bankruptcy filing necessary or is there another way to perform an orderly liquidation or sale of the business assets? While Chapters 7 and 11 of the […]
Author: John D. Giampolo

For many years, the New Jersey Mansion Tax has been a significant consideration in high-value real estate transactions. Recent legislative changes, however, have substantially altered how the tax operates, including who is responsible for paying it and the amount owed in certain transactions. Whether you are purchasing, selling, or investing in New Jersey real estate, […]
Author: George McGowan

As our personal and financial lives increasingly move online, estate planning must evolve to address a new category of property: digital assets. From email accounts and social media profiles to cryptocurrency and cloud-stored business records, these assets often carry both financial and sentimental value. Yet, without proper planning, they can become inaccessible—or even lost—upon incapacity […]
Author: Marc J. Comer

In today’s mergers and acquisitions market, representation and warranty (R&W) insurance has become a common feature of deal negotiations. Once used primarily in larger transactions, R&W insurance is now frequently incorporated into middle-market deals as buyers and sellers look for efficient ways to allocate risk and close deals. When structured properly, R&W insurance can help […]
Author: George McGowan

Receiving a federal grand jury subpoena is not something most businesses or individuals anticipate. While it can be concerning, a federal grand jury subpoena does not necessarily mean that you are being accused of wrongdoing. It does, however, mean that a federal criminal investigation is underway and that federal prosecutors believe you may possess information […]
Author: Sean M. Pena
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.
Let`s get in touch!
Sign up to get the latest from the Scarinci Hollenbeck, LLC attorneys!