Running a business in Texas often means juggling contracts, partners and clients. Sometimes disagreements come up and taking every issue to court can drain time and money you could spend growing your business. Many business owners turn to alternatives like arbitration...
Texas is actively working to become an even more attractive state for businesses. Recent updates to the Texas Business Organization Code (TBOC) through Senate Bill 29 and Senate Bill 1057 clearly signal this commitment. These new laws aim to create a business-friendly...
Many business disputes settle before anyone steps into a courtroom, but some conflicts move past negotiation and require a stronger strategy. When you face a dispute in Texas, you may reach a point where both sides are contesting the facts or the stakes are too high...
Losing a business partner you also call friend is hard. But on top of that grief, you need to prepare for some serious legal challenges you will face when it comes to your company’s ownership. When a partner passes away, the future of the business can quickly escalate...
In Texas, a fiduciary duty means that one person must act with loyalty, honesty and care for another’s benefit. This duty often arises in business partnerships, between trustees and beneficiaries or between company officers and shareholders. When someone breaks this...
Starting a business with a partner allows you to combine your skills, resources and ideas. However, working with another person can open the door to disagreements, some of which lead to legal conflict. What issues might impact your business? 1. Finances Disagreements...
Businesses use contracts as a way to set legally binding expectations for a variety of interactions. Both parties should read the contract to ensure they understand their responsibilities, the other party’s responsibilities and what will happen if either party fails...
A trade secret is a type of intellectual property comprising formulas, practices, processes, designs, instruments, patterns, or compilations of information that provide a business advantage over competitors who do not know or use it. Unlike patents, trade secrets are...
In today’s highly competitive business landscape, safeguarding intellectual property (IP) is often vital for a company's success and longevity. Intellectual property refers to creations of the mind, such as inventions, literary and artistic works, sensitive business...
Running a small business in Oklahoma requires wearing many hats. If you are a business owner, you like juggle marketing and financial operations to keep your customers coming back. Yet, you may be understandably not in a strong position to navigate a legal situation...