Buying Out a Business Partner: Key Steps and Considerations
When business partnerships are thriving, they can be highly rewarding. But circumstances change. Whether due to differing visions, retirement, financial needs, or personal conflicts, there may come a time when one partner needs to buy out the other. A business partner buyout is a complex process that requires careful planning to protect...
Can I Sue for Breach of Verbal Contract in Texas?
Contracts are the foundation of countless business transactions, but not all agreements are written down. In fact, many business dealings begin with a simple handshake or a phone call. So what happens when someone breaks their end of a verbal agreement? In Texas, the answer may surprise you: yes, you can sue...
Unique Challenges in Shareholder Dispute Cases
Shareholder disputes can be some of the most complex and contentious legal matters in business law. Whether a dispute arises between business partners in a small company or among shareholders in a large corporation, these conflicts can have significant financial and operational consequences. In Texas, businesses facing shareholder disputes must navigate unique...
How Statute of Limitations Affect a Lawsuit
When legal disputes arise, timing can be just as important as the facts of the case. Every lawsuit is subject to a deadline known as the statute of limitations, which dictates how long a party has to file a claim. Missing this deadline can mean losing the right to seek legal recourse...
Received a Citation From a Business Partner? Here Are Some Next Steps
Disputes between business partners can escalate quickly, and in some cases, one partner may issue a legal citation to the other. If you have received a citation from your business partner, it likely means they have filed a lawsuit or initiated legal proceedings against you. This can be a stressful and uncertain...
The Negative Impacts of Tortious Interference
In the competitive world of business, companies work hard to build contracts, partnerships, and client relationships that sustain growth and profitability. However, when a third party unlawfully interferes with these relationships, it can cause significant financial and reputational damage. This type of wrongful disruption is known as tortious interference, and it is...
The Texas Business Courts
The Texas Business Courts (the “Business Courts”) began hearing cases on September
1, 2024.1 The purpose of the Business Courts is to provide a specialized venue for commercial
disputes presided over by judges with a smaller docket and judicial or litigation experience in
complex commercial matters. The Business Courts are codified...
Why Supply Chain Issues Need to be Resolved ASAP
Even when a company has an established supply chain, supply chain issues can cause numerous problems for a company. Supply chain problems can be overwhelming for a company. It can result in lost revenue and customers. Supply chain issues can also increase production and other costs. Resolving supply chain issues ASAP...
Contract Clauses That Lead to Business Disputes and How to Resolve Them
Contracts are vital to every business, but even a small oversight in drafting can lead to disputes that drain resources and harm relationships. Let’s explore five common areas of contract disputes and offer strategies to resolve them, ensuring smoother business operations and better protection for all parties involved.
What Should You Do If Your Business Is Getting Sued?
Are you facing a lawsuit against your business and unsure how to proceed? Taking the proper steps now can make a big difference in the outcome of your case. Here’s what you should do.
Stay Calm and Assess the SituationIt’s easy to get...