A nondisclosure agreement (NDA) helps you protect sensitive business information. This legal tool plays an especially important role when companies share trade secrets, client lists or product details. To make an NDA effective, it must include specific elements....
Business Law
What is the process for selling a Texas business?
Selling a business in Texas involves intricate steps influenced by state-specific regulations. Understanding these steps is essential for ensuring a seamless transaction. Below is an overview of the process. Assess the value of your business Before initiating the...
Texas court vacates DOL’s final overtime rule
On November 15, 2024, a Texas federal court struck the Department of Labor's new overtime rule. This ruling dramatically impacts business owners in Texas and throughout the United States. The court's decision changes how companies must handle overtime pay for their...
What are the benefits of using non-disclosure agreements?
Secrets can make or break a business. Since markets are more competitive, protecting your innovative ideas and sensitive information is crucial. A non-disclosure agreement (NDA) can be a powerful tool savvy entrepreneurs use to safeguard their business secrets....
What does the FTC’s Noncompete Rule mean for Texas businesses?
When it comes to running a business smoothly, it is important for owners to protect their operation’s interests and private information. Non-compete agreements are one way to do this. Non-compete agreements are currently legal in Texas. However, could a new rule shake...
Why your small business needs an employee handbook
Having a well-crafted employee handbook ensures everyone understands the company’s policies and expectations. It provides clear guidelines for employees, helps maintain consistency and protects your business legally. An employee handbook is an important tool for...
What to consider during due diligence before buying a business
Mergers and acquisitions can benefit businesses, helping them expand and create new opportunities to scale operations. However, these strategies may come with specific risks that can disrupt or derail involved parties from reaching their goals. Considering the...
Is your worker an employee or independent contractor?
The Department of Labor (DOL) set the record straight on how to classify workers under the Fair Labor Standards Act. In March 2024, the agency released a guide to determine if workers are employees or independent contractors. Six economic factors According to the new...
A solid NDA can help protect your business interests
A non-disclosure agreement (NDA) is your first legal line of defense when it comes to protecting your trade secrets and confidential information. Therefore, it helps to have a comprehensive document that will shield your business interests from unauthorized third...
Meeting customer expectations is another reason M&A may fail
Mergers and acquisitions (M&A) are complex business transactions that hold the potential for significant growth and transformation. However, not all M&A deals reach a successful conclusion. When it comes to failed M&A deals, the standard explanation often...