Negotiating, drafting, and enforcing contracts is an important part of any business’s life cycle. Contracts form the backbone of successful business relationships, but having the proper contract is critical. A properly executed business contract should clearly outline the terms and conditions of the agreement, including the rights and obligations of each party, and provide mechanisms for resolving disputes, all...
Continue ReadingPeople form businesses together with the best of intentions. Entrepreneurs share a vision and work together to realize it. In many cases, they create a limited liability company (LLC) to maximize tax benefits and minimize business formalities. Unfortunately, the business world is not all sunshine and harmony. When conflict arises, many companies find themselves asking how to remove a...
Continue ReadingA good entrepreneur knows not only when to jump into a new business venture, but when to shut one down. A business owner might want to end things to pursue new opportunities or avoid legal and financial woes. Whatever the reason, owners of limited liability companies (LLCs) need to follow certain protocols before they can officially and properly dissolve...
Continue ReadingFor a layperson or a small business owner, sometimes it is difficult to tell the difference between a business lawyer and a corporate lawyer. Both sound like they know what happens behind the boardroom doors. But like everything in law, there is usually a reason for specific terminology. If you are struggling to understand whether your situation calls for...
Continue ReadingWhen a business mistreats someone, it might be time for the mistreated party to sue. A business lawsuit can right many wrongs and bring closure in a dispute, but it can also come with a hefty check for the plaintiff. When considering legal action against a business, the natural question is, How much does it cost to sue a...
Continue ReadingOne of the first steps in opening a new business is giving it a name. You will want to choose a catchy, recognizable name that distinguishes your company from the competition. In Texas, the name must also be unique. Fortunately, it is easy to quickly check if your new business’s name is available in Texas. If you have questions...
Continue ReadingMany employment agreements contain clauses about non-competition. You may not have noticed or didn’t pay much attention to the clause when you first signed your employment contract. Businesses rely on non-competition clauses to protect proprietary information and prevent former employees or contractors from using it to compete against them. If you are about to leave your job for a...
Continue ReadingWhen someone fails to comply with the terms of a contract, you may have grounds to file a breach of contract claim. These types of lawsuits are common in business litigation. There are four elements of a breach of contract claim: a valid contract, performance, breach, and damages. In this blog, we define each element of breach of contract...
Continue ReadingBeing a business owner is a great experience. The pride of watching a company grow is second to none, and being a part of that process is amazing. But sometimes, even the strongest businesses can run into problems. What happens when you are not the controlling owner of a company? Do you have any rights, or are you at...
Continue ReadingWhen you enter into a contract with another party, you expect them to hold up their end of the bargain. Unfortunately, this isn’t always the case, and you may find yourself in a dispute over a breach of contract, wondering what steps to take next. In Texas, a breach of contract occurs when one party fails to fulfill its obligations under...
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