Preparing Your Business for Q4: Contract Reviews and Risk Management

Peter Lamont, Esq.
Nov 3
4 min read

Preparing Your Business for Q4: Contract Reviews and Risk Management

As the fourth quarter approaches, small and mid-sized businesses in New Jersey should view September as the time to prepare. Waiting until the end of the year to address risks and obligations often leads to unnecessary disputes and expenses. A careful review now can prevent problems later.

One of the most overlooked areas is contract management. Businesses frequently enter into agreements during the year without fully considering their long-term implications. By September, many contracts are approaching renewal or expiration. Reviewing these agreements allows businesses to identify unfavorable terms, ensure compliance with notice provisions, and plan for renegotiation. Ignoring these deadlines can lock a business into another year of unfavorable obligations or result in claims of breach.

Employment practices also deserve attention. Seasonal hiring often begins in the fall, and businesses must comply with wage and hour laws, anti-discrimination statutes, and workplace safety rules. Reviewing policies before hiring prevents claims that may arise when new employees are brought on without proper training or oversight.

Insurance coverage is another area where early review is critical. Businesses should confirm that their policies provide adequate coverage for property, liability, and employment-related claims. If a claim arises in the final months of the year, inadequate coverage can turn a manageable problem into a crisis.

From a litigation perspective, I often see disputes arise in Q4 because businesses were unprepared. A supplier agreement that was not reviewed results in a breach claim. An employee hired without proper documentation files a wage complaint. A lease renewal date passes unnoticed, binding the tenant to unfavorable terms. These problems are preventable with careful preparation.

The message to business owners is straightforward: treat September as the time to look ahead. Review contracts, assess policies, and identify risks. A few hours of planning can prevent months of litigation and expense. Businesses that prepare now finish the year stronger and begin the next with fewer liabilities.

For more information about your legal rights or to schedule a consultation, please contact the Law Offices of Peter J. Lamont at www.pjlesq.com, call 201-904-2211, or email info@pjlesq.com.

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For detailed insights and legal assistance on topics discussed in this post, including litigation, contact the Law Offices of Peter J. Lamont at our Bergen County Office. We're here to answer your questions and provide legal advice. Contact us at (201) 904-2211 or email us at info@pjlesq.com.

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About Peter J. Lamont, Esq.

Peter J. Lamont is a nationally recognized attorney with significant experience in business, contract, litigation, and real estate law. With over two decades of legal practice, he has represented a wide array of businesses, including large international corporations. Peter is known for his practical legal and business advice, prioritizing efficient and cost-effective solutions for his clients.

Peter has an Avvo 10.0 Rating and has been acknowledged as one of America's Most Honored Lawyers since 2011. 201 Magazine and Lawyers of Distinction have also recognized him for being one of the top business and litigation attorneys in New Jersey. His commitment to his clients and the legal community is further evidenced by his active role as a speaker, lecturer, and published author in various legal and business publications.

As the founder of the Law Offices of Peter J. Lamont, Peter brings his Wall Street experience and client-focused approach to New Jersey, offering personalized legal services that align with each client's unique needs and goals.

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