When a party to a contract fails to deliver on the terms, the party might breach an agreement. If a Texas contractor must finish a project by a specific date and fails to do so, the contractor could face a breach of contract lawsuit. What if one party promises in a...
Business Law
When is a tech company ready for an IPO?
Technology entrepreneurs often find themselves involved in one of the most dynamic sectors of the economy. Tech innovators could develop the right product, program, or idea and see their Texas business performing exceptionally well. A venture may prove so successful...
Do you have rights as a shareholder?
Shareholders have certain rights in the state of Texas. When they buy shares, they're essentially buying partial ownership of a company, which means they have limited decision-making abilities. They can also sue the company in certain situations. What rights do...
Reasons business partnerships fail
It is very common for people to form a business partnership. Sometimes these partnerships pay off, but other times the partnership proves to be unsuccessful. Below are a few reasons that business partnerships in Texas may fail. Lifestyle differences Differences in...
What are your options after an anticipatory breach of contract?
Most Texas businesses will have to deal with an anticipatory breach of contract at some point or another. This specific type of contract breach can result in severe losses for any business. By understanding the specific aspects you'll need to prove that the breach...
Errors to avoid when constructing your noncompete agreement
The concept of a noncompete agreement in Texas may seem like a great solution to protect your business and its assets. However, the agreement is only as good as the wording in it. Do yourself a favor, and avoid these common errors that can void your noncompete...
The importance of business contracts in every business relationship
Every business has contracts with those they have business relationships and it is likely that they have many contracts. Contracts are a daily part of doing business which is why business owners should understand what should be included in a business contract and what...
What business owners should know about their first contract
Establishing a business takes plenty of time and hard work. As a business owner, you’re excited about all the opportunities your business will allow you to take. You’re ready to get to work and make a name for yourself and your business. Many businesses work closely...
Benefits and drawbacks of forming an LLC
When forming your small business, there are a few paths you may take. Among them is the Limited Liability Company (LLC) structure. This is a common choice for entrepreneurs and business owners who either bear sole decision making or do so with one or two partners....
