It seems relations between the state of New Jersey and a well-known real estate investor have soured, putting a deal to lease Monmouth Park race track in jeopardy. The investor is now claiming the state has changed the terms of the parties' pre-lease memorandum of agreement and has threatened to pull out of the deal. This is a good example of a how a real estate dispute can threaten what would otherwise be a mutually profitable deal.
Breach of contract claims result from abrupt franchise closing
Everyday there are reports of breach of contract claims between two or more parties. Disagreements, such as employment or partnership disputes, are fairly common and come in all shapes and sizes. The courts in New Jersey consider these claims every day, in an attempt to determine the underlying facts and arrive at a fair and just determination.
