If you’ve worked with a contractor in Texas, you may have come across something referring to liquidated damages. Liquidated damages are the compensation that is owed to a client when a contractor doesn’t meet timeline requirements. Liquidated damages is based upon...
Many people in Texas earn a living by operating self-owned companies. If you're a business owner, it can be understandably frustrating to suspect that another company ripped off the intellectual property of your business. Here are the four main types of intellectual...
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...
Telecommunications law has a significant impact on the personal and professional lives of people in Texas and across the United States. We are said to live in the Digital Communications Age. A tremendous amount of communication takes place through sites at which...
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...
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...
Any bit of information that provides a Texas business with a competitive advantage over others is commonly referred to as a trade secret. Since a large portion of the business's ability to make an income is reliant on their trade secrets, it's fully natural to want to...
There are many tax benefits that come with an LLC in Texas, which includes not being required to pay corporate federal income taxes first. The earnings of the business are passed directly to the owners, who end up paying individual income tax rates. There's a lot of...
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...
As a small business owner in Texas, you work hard to protect the intellectual property of your company, so when you see a competing company infringing, you need to spring into action. The public needs to know that a particular product or group of products is yours,...
