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...
Opening a Franchise: What You Really Need to Know Before Signing Anything
You’ve been eyeing that sleek, fast-casual sandwich spot with lines out the door and dreaming of putting your own spin on it in your hometown. Or maybe you’ve had your fill of corporate life and are ready to make your mark through a trusted brand. Whatever the case, deciding to open a...
Is a Verbal Agreement Legally Binding in Texas?
“We shook on it.” A simple handshake or verbal promise might seem like a legitimate contract—but is it? Many Texans enter into verbal agreements every day, from promising to pay back a loan to agreeing to perform services. But what happens when one party fails to uphold their end of the deal?...
Vendor Disputes: Should I Mitigate or Dissolve the Relationship?
Vendor relationships are essential for business success, ensuring smooth operations, timely deliveries, and consistent service. However, when disputes arise over pricing, quality, contract terms, or delays, business owners must decide whether to repair the relationship or part ways.
At Sul Lee Law Firm, we help Texas businesses navigate...
Common Disputes During Construction Projects
Construction projects are complex, involving multiple parties, tight deadlines, and significant financial investments. Disputes can arise at any stage, from contract disagreements to delays and defective work, leading to costly litigation and project setbacks.
At Sul Lee Law Firm, we help Texas contractors, developers, property owners, and suppliers...
How Much Can You Sue for Breach of Contract?
Contracts are the foundation of business and personal transactions, providing clear terms and expectations for all parties involved. However, when one party fails to uphold their end of the agreement, it can lead to financial losses, operational disruptions, and legal complications. If you have suffered damages due to a contract breach, you...
Common Pitfalls and Considerations In Stock Purchase Agreements
Stock purchase agreements govern the transfer of ownership, control, and responsibility of a company, so it’s crucial that they be meticulously drafted to avoid legal disputes and financial losses. In this article, our Texas corporate attorneys walk you through some common pitfalls and key considerations to keep in mind while negotiating...
Can’t Compete with the Noncompete Rule: FTC’s New Rule, Banning Noncompete Clauses
If you ever come across an employment contract, you may typically find a provision that limits an employee “from working for a competing employer” or “starting a competing business” and restrains such competing acts within a “geographic area and period of time” following...
Mistakes to Avoid When Drafting Your Operating Agreement
When setting up a limited liability company (LLC), one of the most important steps is to draft your operating agreement, a foundational document that dictates how decisions are made, how ownership is structured, and so much more. It is, essentially, a contract that binds the owners to a set of rules.
Buy and Sell a Business: Purchase and Sales Agreement
When deciding to buy or sell a business, drafting a purchase and sale agreement (PSA Agreement) is essential. Here are some key points to include:
Purchase Price/Object: Will it be purchasing company assets or acquiring shares? Earnest Money...