Business Law

Commercial Lease Negotiation Pitfalls

Signing a business contract, such as a commercial lease, can be stressful. You are committing to a payment schedule over a long period of time. Selecting office space for your business is one of the most important contracts you’ll sign.  Here are some commercial lease negotiation pitfalls and red flags to look out for and [...]

Partnership Agreement Types

  You might think the arrangement you have with your business partner is just fine the way it is, with a handshake agreement, and your business plan on a napkin.  You work well together, agree on most things, and share a common vision and Texas-sized enthusiasm for your business.  What could possibly go wrong? Texas [...]

Breach of Contract and Resulting Damages

A breach of contract happens when there is a failure to perform any or all terms of a contract, whether it’s written or oral. This failure can include not completing a job, not paying on time or at all, not delivering goods ordered, or any act that shows the party is not going to complete [...]

The importance of planning for business emergencies

Most Texas entrepreneurs know about the importance of writing business plans for their start-up companies. Entrepreneurs also should plan for what will need to be done if things do not go as planned or if emergencies occur. In this contingency plan, the ultimate goal is to understand what will be necessary for business survival in [...]

Kicking off your new Texas business: choice of business entity

An increasingly healthy Dallas-Fort Worth economy may be a good environment to start a new commercial enterprise. Dallas-Fort Worth's economic recovery has been endorsed by some heavy hitters. In October 2015, the metro area was ranked number one in the country for commercial-property investment by the Urban Land Institute and PricewaterhouseCoopers LLP in a joint [...]

2017-05-09T15:47:21+00:00 May 4th, 2017|Business Formation, Business Law|

The importance of trademarks for brand identity

Trademarks are very important for entrepreneurs who want to protect their brand. “Brand identity" can be difficult to define, but its importance to a company cannot be over-emphasized. This is particularly true with regard to consumer products. For example, how much business does McDonald’s get because its identity is well recognized through its name and [...]

2017-06-07T17:48:32+00:00 April 18th, 2017|Business Law|

Assessing security risks with mergers and acquisitions

When Texas business owners are interested in merging with or acquiring another business, it is important that they conduct a thorough analysis of the other company. As can be seen with high profile transactions such as the Yahoo acquisition, an important issue must be the security of each company’s computer systems. While security is never [...]

2017-06-07T17:50:03+00:00 March 25th, 2017|Business Law|

Business Plans?

Many small business owners start their businesses without a business plan and continue in business for many years using the seat-of-the-pants theory of management. On the other hand, there are large companies that have troops of employees and consultants trying to prepare for the future. When a person starts a business, he or she has [...]

2017-06-07T17:46:24+00:00 March 18th, 2017|Business Planning|

Does your business have a valid non-compete agreement?

Employees are a key to a successful business. No matter how good the product, the inability to do something with the product eliminates the value of a product. The perfect example is found in the movie industry. If you interested in watching a suspense movie, would you choose a movie with Mike Myers or Denzel [...]

2017-06-07T17:49:36+00:00 February 18th, 2017|Business Law, Employment Law|

Well Drafted Contracts form the backbone of successful business relationships

There are contracts and there are contracts. Many contracts are entered with every understanding well documented, other contracts are entered into without a single word being written and others are written but are not clear or have important agreements omitted. Most of these contracts succeed, but if circumstances change or a disagreement arises, the consequences [...]

Load More Posts