Exiting a company as a partner can be complicated, requiring a thorough review of your contract. You’ll also need guidance from an experienced legal professional to determine potential roadblocks and consider solutions. Review Your Contract’s Exit Terms Business partnership contracts are often carefully written to address common issues, such as disputes, share vesting, and exit […]
Fraudulent inducement happens when a business is tricked into signing a contract through lies or false promises. This type of misconduct can cause serious financial harm and disrupt normal business operations. When fraudulent inducement is proven, the dishonest party can be held legally responsible for the damages they caused. What Constitutes Fraudulent Inducement in Business […]
Forming a corporation or limited liability company (LLC) helps protect your personal assets from business debts and lawsuits. This protection, known as the corporate veil, is not absolute. Courts look beyond formation documents to see how the business actually operates. If owners blur the line between personal and business affairs, Texas courts can, and do, […]
Family-owned businesses are more than just economic ventures. They are legacies built on generations of effort, values, and shared purpose. In Texas, they take many forms, such as a ranch in the Hill Country, a trucking company in Amarillo, or a hardware store in Laredo. These enterprises are often deeply entwined with family identity. However, […]
Sticks and stones may break my bones, but words will…negatively impact your business due to reputational damage that shrinks your potential customer base and your ability to turn a profit. When a person or another company makes false statements about your company or the services or products you offer, it is not just mean—it is […]
There are many sayings about mixing friends and money, but perhaps this American proverb captures it best—“Before borrowing money from a friend, decide which you need most.” When moving from friendship to family, the stakes are even higher. When marrying into a family business, you have to consider the legal considerations. Life transitions come with […]
While family businesses offer the potential for shared success and intergenerational wealth, they also present unique challenges stemming from the complex interplay of family dynamics and business operations. One significant concern for minority shareholders is the risk of being unfairly excluded or even pushed out of the family business. Below, the Houston business litigation attorneys […]
An LLC in Texas must complete specific procedures before it dissolves. Paying creditors and business debts among other important tasks are all part of this process. Following certain integral steps in a Texas business dissolution is critical to financial and legal aspects. A Houston business lawyer at Feldman & Feldman can walk you through the […]
No two people see eye-to-eye 100% of the time, and families working together in business are no exception. While these business ventures can be successful and create a tremendous sense of accomplishment, family businesses can sometimes lead to ongoing disputes and lasting conflict. These disputes can interrupt business operations while straining family relations to the […]
Businesses of all sizes in many different industries have faced countless struggles in 2024 alone. Despite this, it’s imperative that business owners remain aware of potential conflicts that could arise and hurt or derail operations even further. Having a good understanding of the several different types of business torts that could arise and what they […]
Partnerships are common in the world of business and can have a powerful impact on bringing a company to life. Sharing responsibilities in a company can capitalize on the areas of expertise each individual partner has, and strengthen an organization as a whole. However, like many aspects of life, there are also drawbacks to operating […]
Businesses measure value in a myriad of different ways. Client retention, return on investment (ROI), and sales can all be deemed valuable to business owners. Different facets of intellectual property provide incredible value to companies in many different ways. Understanding just how valuable intellectual property is can help business owners protect themselves and their operations […]
When a contract is breached, the injured party has a number of legal remedies available to them. These remedies attempt to restore the injured party to the position they would have been in if the contract had been fulfilled. Remedies can range from simple monetary compensation, to the court ordering the breaching party to fulfill […]
For business fraud cases, companies have four years to bring a claim, according to the Texas Civil Practice and Remedies Code 16.004(a)(4). This may seem like a long time, but preparing a case can take several months to years. Those who commit fraud likely have done everything they can to cover their tracks and make […]
Ending a Limited Liability Corporation (LLC) can happen for a variety of reasons. Life can take a new direction, unexpected events like illness or death occur, or partners decide that collaborating no longer works. However, exiting a legal commitment does require specific steps. Officially dissolving a Texas LLC should be initiated thoughtfully. A Houston business […]
When working in business, it is widely understood all contracts carry the implied duty of good faith and fair dealing. This phrase means there is a reasonable expectation that all parties involved will act fairly and honestly under the terms of the business arrangement. It also implies that neither party will violate the spirit of […]
Establishing a business partnership can be exciting, offering the opportunity to pool resources, share responsibilities, and pursue common goals with a trusted partner. However, navigating the dynamics of a business partnership requires careful consideration of each partner’s rights and responsibilities, including the authority to make decisions on behalf of the business. At Feldman & Feldman, […]
The Corporate Transparency Act (CTA) went into effect on January 1, 2024, and impacts both newly established and existing small businesses. This bipartisan piece of legislation was established as a federal anti-corruption law to counter illicit financial crimes such as money laundering, tax fraud, and financing of terrorism. This is done by forcing a broad […]
A contract represents an agreement between two or more parties. The agreement obligates the parties to adhere to the terms of the document, and those obligations carry the force of law. A breach of contract occurs when someone fails to perform as they had promised to do. Although most business contracts are in writing, courts […]
Contracts are integral to business transactions, providing a framework for parties to define their rights and obligations. However, not all contracts are enforceable, and there are certain circumstances under which a contract may be voided or rendered unenforceable under Texas law. Our Houston contract lawyers at Feldman & Feldman, PC will help you understand your […]
Business owners in Texas understand the importance of protecting their assets and mitigating risks; however, despite taking preventive measures, accidents, injuries, and disputes can still occur, leading to potential legal liabilities. Understanding general liability insurance claims and business lawsuits in Texas is crucial for business owners to navigate potential legal challenges effectively. Does business insurance […]
Business litigation encompasses defending or resolving legal disputes between companies and other parties. In many instances, it is used to describe defending companies accused of misconduct or being sued for a variety of reasons. What do business lawyers do? A business litigation lawyer is a legal professional who is able to manage both minor and […]
Contracts and agreements are major components of how successful business dealings work. This is especially true for businesses that work with vendors or outsource work. When this happens, a service level agreement is typically put into place to ensure the needed service supplied by the vendor is done effectively. Knowing the right SLA to use […]
As a Texas small business owner, you need to address many legal concerns that pose significant obstacles and prevent your business from running smoothly. Our Houston business law attorneys at Feldman & Feldman, PC want to ensure you are familiar with 11 common business legal issues facing small businesses in Texas. Being aware of these […]
A conflict of interest can pose a serious risk to a business. If an individual’s personal interests conflict with their professional obligations, a business’s success can be compromised. If a conflict of interest has affected your business, or if you have questions regarding whether something constitutes a conflict of interest, contact a Houston business litigation […]
With different projects, teams, management styles, and other factors at play, disputes in the workplace are bound to happen, even when employees and contractors work from home. Using guidance from a skilled Houston business litigation lawyer you can explore Alternative Dispute Resolution (or ADR) to help resolve these conflicts. You will probably be aware of […]
When a business owner enters into a formal or informal agreement that will benefit their company, they do not usually expect an outside party to interfere with that relationship. If a third party interferes with a contract or business relationship, it may be tortious interference in a business relationship. Some examples of actionable interference may […]
Any small business owner in Houston preparing to sell a business wants to be successful in the transaction to ensure a smooth turnover while limiting profit loss. This phase takes preparation, just like the start-up. Recognizing the common mistakes we discuss below will help you avoid unnecessary hardship and loss when selling your small business. […]
When partners reach a business point where their ideas, goals, and focus move in diverging directions, it is necessary to reevaluate the relationship and take a new approach. These changes can happen for various reasons, such as a new baby in the family who requires more time from a partner to both partners not seeing eye to eye on how funds should be spent. A business buyout can be an option you consider as the next step.
Suppose you have come up with a great idea for a new business. It is creative, unique, and entirely new. This business idea might be a manufacturing idea for a new and innovative product or maybe a branding idea or a jingle that you can see going national or even worldwide. Perhaps it is a […]
In the world of entrepreneurship and business ventures, partnerships often play a crucial role in the success and growth of a company. A well-structured contract can bring together complementary skills, resources, and expertise, allowing businesses to achieve more than they could on their own. Without proper documentation and clear guidelines, partnerships can quickly turn sour, […]
If you need to file a lawsuit, you do not have an unlimited amount of time to do so. No matter what type of case you are filing, there is always a limit to when you can sue. A statute of limitations applies to most criminal actions and all civil actions. Once the statute of limitations passes, you can no longer file a lawsuit. Thus, you need to be aware of the timelines in your case or else you can lose the right to a financial recovery or other legal relief, such as an injunction or specific performance of a contract.
Most people do things to protect themselves and their property. Homeowners lock their doors at night and insure their valuables. Unfortunately, very few people protect themselves from fraud, and with the rise of the Internet and digital software, fraud is getting easier to commit.
When your company does business with vendors for goods or services, you need clear and well-drafted contracts to govern these relationships. Otherwise, you may be risking future headaches that could include supply disruptions and lawsuits. There are a number of situations and pitfalls arising out of poorly written vendor contracts you must act to prevent. Sloppy contract drafting or a lack of foresight could doom your company to legal troubles. The best way to avoid problems with vendor contracts is to have an experienced attorney draft and review your contracts. In the meantime, here are some common pitfalls businesses may face with their vendor contracts.
When you go into business with a partner, you may end up getting far more than you initially bargained for. Partnership agreements bind you to someone else. For better or worse, you will reap the benefits and bear the consequences of their actions. What someone else does can affect you both personally and professionally. There are some cases in which you may need to sue a partner for wrongful actions. The special nature of a partnership adds an extra degree of potential complication to these lawsuits.
For small business owners, legal issues can be both distracting and dangerous. They require time and attention from the business owner that is better used growing their company. In addition, legal matters put owners in a difficult position because they are dealing with matters that are unfamiliar to them. If they make a mistake, it […]
A contract is a critical document that governs your relationship with a vendor. If any mistakes or important clauses are missing in the contract, you may end up paying a price for it. Therefore, it is crucial you obtain professional help before you negotiate and agree to any deal. This investment may save you both […]
Many people compare business partnerships to domestic ones, and it’s easy to see why. Just like marriage, a business takes a lot of dedication and hard work; and, breaking up can be hugely expensive. Business divorces can destroy a business and any assets you have spent years building. While business divorces are sometimes necessary and the best course of action, every effort should be made to avoid these costly breakups.
Franchise agreements can lead to beneficial and profitable relationships for the parties on both sides of those agreements. However, there are cases when a franchise relationship can lead to disagreements between the two parties. Disagreements do not have to become contentious lawsuits. They can be avoided in the first place or resolved before they become […]
Partnership disputes can be among the most difficult types of business disagreements to resolve because they impact people’s finances and ability to earn a living. The situation can be even more fraught with landmines when you are a minority shareholder since the majority shareholder has more power than you. However, you do have legal rights […]
According to a 2020 survey from PriceWaterhouseCoopers, 47% of respondents had experienced fraud in the prior 24 months. Business fraud is a growing problem as criminals become smarter and more daring. While no business is ever 100% fraud-proof, you can build your defenses. Here are six steps your business can take to better protect itself […]
Employees are expected to only use company property and assets appropriately and within the scope of their employment. Unfortunately, this is not always the case as many employees have been caught misusing company assets for their own personal benefit. While many smaller infractions like using company stamps to send personal mail or taking home a […]
Purchasing a franchise has become one of the more popular business models in the United States – as well as globally – in recent years. According to research from Statista, in 2019 alone, the economic output of franchise establishments within the U.S. totaled roughly 787.5 billion dollars. With this in mind, it’s no wonder franchising […]
With so many businesses now having an online presence through a website and/or social media, many have turned to digital sources to gain access to images labeled as ‘free’ to catch the attention of prospective clients and customers. As more companies utilize these sources, it’s important to be aware of potential intellectual property violations and […]
The COVID-19 pandemic has greatly affected businesses in more ways than one. While many have been able to obtain funding or loans through the Paycheck Protection Program or an Economic Injury Disaster Loan (EIDL), others have found coronavirus loan fraud issues. This is true for Wells Fargo, which recently fired over 100 employees for defrauding […]
Running a successful business comes with its own unique set of challenges – and business partnerships are essential for success. The Coronavirus pandemic has no doubt thrown curveballs at business owners across the country, but what happens to a business when one business partner falls ill to COVID-19 – or worse, becomes incapacitated or succumbs […]
The ongoing COVID-19 pandemic has taken a major toll on businesses throughout the nation. While some have been able to transition to working entirely or partially remotely, others have had to make difficult decisions to keep their doors open without having to dissolve a business. The dissolution of a business is a decision that should […]
The new coronavirus or COVID-19 has impacted businesses large and small, as well as the personal and financial lives of millions. Now, with so many aspects of our daily lives up in the air, insurance underwriters predict an oncoming wave of changes to director and officer (D&O) liability coverage will follow. Understanding Directors and Officers […]
Fiduciary obligations are crucial aspects of certain business relationships. These duties involve a relationship between two parties that obligates one to act in the best interest of the other. When the fiduciary breaks or breaches this obligation to the beneficiary, it can hurt their reputation and have potential legal repercussions. Such is the case for […]
Since the new coronavirus or COVID-19 outbreak, many people across the country and around the world have had to adapt to working remotely from their homes. While this allows employees to continue their ongoing projects and tasks from the safety of their own living spaces, fraud and cybersecurity concerns have mounted as fraudsters find themselves […]
Day in and day out, businesses across the nation rely on contracts for many different things, including partnerships and employment. Unfortunately, however, many companies have been grappling with how to handle these contracts due to the novel coronavirus or COVID-19, which has effectively disrupted business operations around the world. In particular, many businesses are wondering […]
Over the years, local restaurants have remained staples of communities across the country. Houston, for instance, is known for its wide variety of local fare, with a whopping 10,000 restaurants that represent nearly 70 countries and American regions. While restaurants across the nation have long been a source of comfort for patrons, the novel coronavirus […]
When dealing with commercial real estate, the use of liens can be fairly common. Liens can impact the ability of a business to start from the ground up or continue to grow and expand. Understanding how different types of liens can affect businesses is incredibly important when leasing or purchasing a commercial property. What is […]
Meat alternatives have become increasingly popular among consumers in the last several years. One of the most popular brands is Beyond Meat, which sells plant-based foods and meat alternatives. It sells its products to various customers in the retail and foodservice channels through brokers and distributors in the U.S. and internationally. The brand works with […]
Antitrust laws help regulate the conduct of businesses in order to promote fair market competition for the benefit of consumers. Recently, the U.S. Federal Trade Commission (FTC) announced it was considering a rule limiting businesses from pushing their employees to sign non-compete agreements preventing them from working at rival companies. Upon hiring, workers are sometimes […]
When a merger of two companies happens, assets are often consolidated in order to combine the two entities. While mergers and acquisitions occur quite frequently, they have the potential to create serious antitrust issues. Recently, TD Ameritrade and Charles Schwab announced plans to merge the two entities, raising antitrust concerns among many. Investment company Charles […]
Contracts are very commonplace in business transactions and partnerships. These binding agreements help to ensure the parties’ agreed terms are carried out in full on all sides of the agreement. When a party breaches a contract, it can be damaging to those involved. Recently, Apple sued a former chip designer after he allegedly breached his duty of loyalty and contract with the company.
Mergers and acquisitions are common business occurrences involving the consolidation of companies or assets through various types of financial transactions. Mergers, acquisitions, consolidations, tender offers, and more can all dramatically change the face of a well-known business. In fact, Google recently acquired Fitbit in its largest acquisition to date for about $2.1 billion. This comes as the search engine giant aims to grow its presence in the smartwatch and fitness technology industries.
For many Houstonians, Hurricane Harvey proved to be a storm like no other. Over 27 trillion gallons of rain washed over our city, resulting in 50 inches of rainfall. The rainfall was so heavy, in fact, the National Weather Service had to update the colors used to showcase the severity of the rainfall on its weather charts to properly account for it. As to be expected after a storm like Harvey, many insurance claims for property damage were subsequently filed with insurance companies. Unfortunately, however, many Texans believe both insurance proceeds and local and federal funds designated to help pay these claims were mishandled, some even suggesting an investigation should take place.
For many, the idea of their hometown or city having a localized theme park to go to with family and friends seems simple enough. However, this has been a topic of contention for many Houstonians, since the beloved AstroWorld closed its gates for good in 2005 and was eventually demolished to make room for additional […]
Bonds can often play a major role when it comes to raising money. Government entities and corporations often issue bonds when they want to raise a certain amount of funding. When purchasing a bond, the issuer of the bond will receive a loan and agree to pay back the face value of that loan by […]
