What Is the “Mansion Tax”? The New Jersey Mansion Tax is a transfer tax that applies when certain classifications of real estate are transferred for 1 million dollars or more. It is collected at closing and must be paid before the deed can be recorded. The tax applies to the sale/transfer of (a) residential homes,…
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The Pitfalls of Autorenewal Contracts
In today’s business landscape, contracts that automatically renew (commonly known as “evergreen” or “autorenewal” contracts) are becoming increasingly prevalent. While these arrangements may appear convenient at first glance, the fine print often contains provisions that can restrict flexibility, impose long-term commitments, or escalate costs over time. Here is what business owners need to know before…
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Updating NDAs for the AI Era
Traditional NDAs weren't designed for a world where employees and contractors routinely interact with AI tools for work. When someone inputs confidential information into most AI platforms, that data doesn't necessarily just disappear. It might be used to train future models, stored indefinitely, or accessed by the platform provider. Some platforms explicitly state they don't…
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Your AI Lawyer Doesn’t Know What it Doesn’t Know
More businesses are attempting to use AI to perform a variety of tasks that legal counsel would typically perform, including: draft contracts, review and summarize documents, conduct legal research. The reality is that while AI can do great things, there are tremendous risks and pitfalls in using AI to perform such legal services, the results…
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