Running a business in Texas involves many agreements and contracts, whether with suppliers, customers or service providers. These documents are necessary as they define the obligations and expectations of all parties involved. However, situations may arise where one...
As a business owner, you work hard to succeed. Unfortunately, unfair competition in your industry can provide other companies with advantages that no amount of hard work can overcome. Recognizing signs of unfair competition and taking appropriate action can help you...
According to the United States Sentencing Commission, the courts sentenced almost 200 people in 2022 for securities fraud, and some of those crimes were for churning. Being accused of churning by Texas authorities can be a serious allegation. Churning refers to the...
Whether you are a small startup merging with a competitor or a large corporation acquiring a promising business, a well-crafted merger agreement is important. This document outlines the terms, conditions and expectations of the merger, ensuring that both parties are...
In 2023, Senator Marco Rubio introduced a bill to outlaw non-compete agreements known as the Freedom to Compete Act of 2023. While the bill did not go far, it was a look at the controversy about these types of clauses in business. Some people feel they are too...
According to the U.S. Census Bureau, there were over 625,000 businesses in Texas in 2021, and many of those businesses have trade secrets. If you own a business, you know that trade secrets can be one of your most valuable assets. They can provide you with a...
A fiduciary is an individual or company that acts for you. Fiduciaries often manage property or money for others, and they need to place their clients’ best interests first when making decisions on their behalf. Violations of fiduciary duty occur when the company...
As a shareholder in a public company, you want to see the business grow and expand. Mergers and acquisitions often serve as an option to make that happen. While you hope that the decision comes with solid research, proper negotiations and meeting all state and federal...
Contracts are legally binding documents that require remedies if one party violates the terms. This is a breach of contract, and the first step to remediation is identifying these types that can occur. Although contracts come in many forms, there are only a few...
A corporation is a legal entity formed for a specific purpose under state law. All corporations have officers and directors responsible for carrying out the business purpose. In Texas, corporate officers and directors have specific fiduciary duties to shareholders....
