Going into business with someone has its advantages and disadvantages. Having a partner can make owning and operating a business much easier, as the duties and responsibilities of it fall on more than one person’s shoulders. However, not all partnerships last the test...
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Shareholder disputes happen, but some may be prevented
Wanting a business to succeed is what every shareholder wants. Unfortunately, when more than one person is involved in company business, differences of opinion are bound to occur, which can lead to various disputes. These disputes may lead to litigation unless...
The discovery period is essential in business litigation
As a business owner, you likely understood from the beginning of your venture that disputes were likely to occur at some point. In some instances, you and others involved with your company may have the ability to handle the issue fairly quickly and quietly. In other...
Plan for business partnership disputes long before they happen
No one goes into business planning to fail, but it is reasonable to expect problems to arise at some point. For example, partnership disputes happen more often than one might think. Business partners in Texas can help themselves and their companies by planning for...
Have a business dispute that needs resolving?
No matter how many plans you make and steps you take as a business owner to protect your company and keep employees, partners, vendors, clients and investors happy, problems are likely to arise at some point. There are things that you can do to help avoid disputes,...
What you should know about verbal contracts
In the business world, contracts are a must. They are a way to keep two or more parties accountable to each other and allow for legal recourse if one party fails to uphold his or her end of the agreement. Written contracts are preferred as they provide tangible...
What is the difference between mediation and arbitration?
Litigation is not always the best choice for solving business disputes. In some cases it is necessary, but generally it is better to treat it as a last resort. Many business entities seek to mediate or arbitrate as opposed to litigate. However, it is important to...
What makes noncompete agreements enforceable?
People that you employ may have access to your sensitive business information, like your sales data or your client list. To prevent your employees from using your information to compete against you, you may have them sign a noncompete agreement. A noncompete may bring...
The pros and cons of NDAs for employees
Over the past couple of decades, more and more companies have required their employees to sign contracts that prevent them from sharing company information with other parties. Referred to as nondisclosure agreements or confidentiality agreements, these contracts...
The advantages and drawbacks of arbitration clauses
If you are in business, you likely deal with contracts every day. While having well-drafted agreements helps minimize disputes, you likely cannot avoid conflict forever. As such, you may want to include an arbitration clause in your contracts. Alternatively, you may...