The day-to-day aspects of business operations can involve lots of moving parts and the potential for partnerships. The way a business partnership functions can vary depending on a variety of factors. Because of this, every partnership should have a formal partnership agreement in place to ensure all possible scenarios that could affect the business are […]
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 […]
Home sharing company Airbnb is a resource many use for lodging while traveling in place of hotel or bed and breakfast accommodations. While the service has been quite popular, Airbnb recently sued a company in which it invested for breach of contract. Airbnb entrusted a Miami real estate developer to open the company’s first branded […]
A fiduciary duty is a legal obligation wherein one party must act in the best interest of another. The obligated party is known as the fiduciary and is entrusted with the care of the other party’s finances or property. When a breach of this trust occurs, it can have serious legal implications. Understanding how this […]
Important information is often discussed during day-to-day business operations. Trade secrets, innovative ideas, and new projects can all help businesses maintain a competitive advantage. Many companies use non-disclosure agreements (NDAs) to protect sensitive information. Understanding how these agreements work and what they entail can help keep important business information secure. An NDA is a legal […]
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 […]
Property transactions happen nearly every day. With many different properties going up for sale in the Houston area seemingly overnight, it’s no secret that the real estate market isn’t slowing down anytime soon. While the ongoing influx of real estate transactions brings new businesses and residents to Houston, Texas, it also comes with concerns of wire fraud.
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.
When fraud occurs, it can cost unsuspecting victims more than they expect. One of the latest types of fraud attacks compromises corporate emails and uses them to manipulate others. Often known as CEO fraud, business email compromise tactics were recently used to scam a Swiss company out of roughly one million dollars by a multinational fraud ring.
Contracts and contract drafting are important for a strong foundation for any business relationship. Ensuring contracts are created concisely and that they detail any and all potential concerns is absolutely essential. Vendor contracts, however, create unique legal issues. Knowing the common pitfalls found within vendor contracts is incredibly important.
