7 Elements Of A Legally Effective Compliance Program An effective compliance program has never been more crucial to a company’s success and management of risk. Compliance programs, comprised of internal policies and procedures created in order to meet standards set by laws and regulations and to assure that a company is following the rules, were…
Prepare for an OFCCP audit Santomassimo Davis LLP can help you and your business prepare for an OFCCP audit. The OFCCP (Office of Federal Contract Compliance Programs) is a U.S. Department of Labor agency tasked to prevent federal contractors and subcontractors from using discriminatory employment practices when hiring, firing, promoting, transferring, or compensating employees. If…
EY Finalist: The Gravity Vault – NJ’s Entrepreneur of the Year Award Congratulations to the impressive finalists – especially our client The Gravity Vault® – for being selected as a finalist for EY’s 34th annual New Jersey Entrepreneur of the Year Awards. Each year, EY’s award program “honors successful business leaders whose ambitions…
Contractual Defenses to Breach of Contract Caused by COVID-19 Many New Jersey businesses have been severely impacted by closures arising out of the COVID-19 health crisis. Often these closures make it impossible for businesses to meet their contractual obligations with their suppliers, landlords, and other contractors forcing them into default. While the basic premise under…
NYC Prohibits Enforcement Of Personal Guarantees in Commercial Leases Impacted By COVID-19 On May 26, 2020, New York City enacted Administrative Code Section 22-1005 prohibiting the enforcement of personal guarantees in commercial leases or rental agreements involving tenants impacted by COVID-19. Specifically, the new law applies to businesses in New York City that were forced…
NJ Court: Infringement Suit Covered By General Liability Policy A recent decision from the New Jersey Appellate Division confirms that general liability policies provide broad coverage for certain types of intellectual property claims. This often-overlooked coverage — for “advertising injury” — is included in standard form, general liability insurance policies. In Superior Integrated Solutions, Inc….
NJ Prompt Payment Act Compels Payment on Construction Projects After completing a construction project, contractors are often faced with the problem of collecting timely payment for approved work. In response to this problem, the New Jersey Legislature enacted the New Jersey Prompt Payment Act N.J.S.A. 2A:30A-2. This created a remedy to both general contractors and subcontractors when…
