Being sued is a confusing, stressful, and overwhelming experience. The legal complexities and unfamiliar terminology can leave you feeling dazed. You likely have many questions, like how to respond to a lawsuit, what happens if you ignore a lawsuit, what will happen next, and how a lawsuit will affect your life. But don’t panic. You can take some steps...
Continue ReadingTexas’s real estate landscape is undergoing a dynamic shift, offering exciting possibilities for a Texas real estate broker seeking innovative ways to structure their compensation. As of January 2024, the Texas Real Estate Commission (TREC) introduced the option for business entity registration, allowing licensed brokers to receive compensation through registered entities like LLCs and S Corporations. Below, we explore the key...
Continue ReadingThe definition of a business contract is a legally binding agreement between two or more parties that governs transactions made in a commercial environment. While there isn’t a strict differentiation between “business contracts” and “regular contracts,” the distinction often lies in the purpose, parties involved, and the agreement’s specific terms or considerations. Because business contracts are often subject to...
Continue ReadingWhen you start a new job or leave an old one, you may be presented with a non-compete agreement. What are non-compete agreements? Non-compete agreements are contracts between employers and employees that restrict an employee’s ability to work for a competitor or start a competing business for a certain period of time after leaving their current job. In Texas,...
Continue ReadingSelling a business can be an exciting yet bittersweet experience. After years of hard work and dedication, selling represents an opportunity to cash in and move on. It can also symbolize stepping away from something you love and starting a new chapter in your life. Beyond the emotional aspects, selling a business is also a demanding task in and...
Continue ReadingAs a Texas business owner in Texas, there is a chance someone may have disparaged your business on a popular website or social media, possibly giving rise to a business disparagement claim in Texas. If this hasn’t happened to you yet, it may very well be something you face in the future. But what exactly is business disparagement in...
Continue ReadingFacing a legal dispute is a significant hurdle for businesses of any size to overcome. Resolving the issue costs time and money that most companies would rather spend elsewhere. The dispute can distract employees and detract from a business’s core mission. To make matters worse, there is often a risk that the dispute will not be resolved in the...
Continue ReadingBusiness litigation can be a costly and time-consuming process for any company. The controversies at issue can represent an existential threat to the business engaged in the litigation. Further, Texas business litigation law calls for specific processes that must be followed. These processes are rarely quick. Fortunately, many companies can avoid litigation through proper planning and effective governance. However,...
Continue ReadingBuilding a Texas business from the ground up can be exciting, but it comes with a good deal of risk. Instead, many entrepreneurs choose to buy existing businesses. Purchasing an existing business can have its advantages, but when buying an existing business, it is important to have knowledgeable legal counsel help you complete your due diligence before you close...
Continue ReadingWhen two parties cannot resolve a business dispute through negotiation or mediation, the case may end up in court. A business disputes lawyer can help you understand what to expect after a lawsuit is filed and evaluate whether it’s the best course of action for your particular case. In this article, the Texas business lawyers at Massingill go over...
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