When you enter into a contract with another party, you expect them to fulfill their obligations as agreed upon in the contract. Yet, sometimes, another party may indicate through words or actions that they are unwilling or unable to fulfill their obligations before...
Business Law
How can you protect your trade secrets?
Intellectual property can be crucial to a business’s success. Intellectual property helps a company make its brand unique and memorable. One component of intellectual property is trade secrets. Trade secrets include unique formulas, methods, designs and processes that...
Enforceability concerns: Verbal contracts in Texas
The Uniform Commercial Code (UCC) plays a pivotal role in shaping business transactions, and when it comes to verbal contracts in Texas, there are specific guidelines outlined within the UCC. The UCC is a set of standardized laws that govern commercial transactions in...
Why do commercial landlords need use clauses in lease agreements?
Use provisions in a commercial lease can define and limit the business activities that tenants can conduct on the leased premises. Well-drafted use clauses in a commercial lease can offer landlords many benefits, including peace of mind about their property. Here are...
2 business disputes that your company could face
Running a business can be extremely rewarding both personally and financially. With that being said, it’s no walk in the park. There are numerous challenges that your company will face each day, and some of these could come from a legal perspective. Business disputes...
4 steps to follow when a client fails to pay
As a business owner, you will likely encounter clients who delay paying for goods or services or fail to pay altogether. This can affect you considerably, as you need their payments to qualify as a profitable business. Here are four steps to follow when a customer...
What to do when a supplier fails to deliver
Your supplier plays an integral part in your business as they ensure you have needed goods or services to operate. Therefore, if they fail to deliver within the agreed time, you may be inconvenienced. Here is what to do if this happens: Contact them In most cases,...
3 signs you need to reconsider your business partnership
Many business owners look to make their jobs easier while also looking for opportunities to grow. One way this can be done is to start a business partnership. A business partner can help strengthen a business by providing new perspectives, taking on work and building...
Responding to a breach of contract scenario
There are few businesses that are able to operate effectively without any contracts in place. Contracts facilitate company operations as varied as purchasing supplies, hiring staff and protecting intellectual property. Contracts set expectations, outline the...
My partner is stealing from the business. What do I do?
Two heads are better than one. Nowhere is this adage true than in a business partnership. When you get it right, the right partnership can take your business to greater heights, make profits and bring your dream to fruition. Learning that the partner you trusted with...