Company owners and commercial entrepreneurs in the Dallas-Fort Worth metro area and other locales spanning North Texas routinely have a lot on their minds. Business success is not casually conferred. Individuals who prosper daily confront and effectively deal with...
Business Law
Are you a Texas business owner interested in noncompete agreements?
You hardly need to be reminded as a North Texas business principal in the Dallas-Fort Worth Metroplex or a surrounding area that your daily to-do list is – as usual – lengthy and diverse. In fact, it’s probably replete with bullet points. That’s for two primary...
Due diligence: mitigate risk before you agree to terms
Some business transactions can result in a large profit over time. Though, they could also jeopardize the future of your company. Market fluctuation, consumer demand and brand competition are some of the factors over which you have virtually no control as an...
How confidentiality agreements work
An employer in Texas may require a confidentiality agreement when they hire new employees. This agreement is a legally binding contract that states an employee cannot disclose information about the company's activities or propriety. The contract usually stays in...
Options for exiting a business
At some point, business owners in Texas and elsewhere may wish to sell or transfer their companies to another person or entity. Those who no longer want to operate their businesses may also decide to close them down entirely. Regardless of what happens to an...
Understanding termination for convenience
Like most business owners and representatives in Denton, you likely assume that a contracted partner cannot pull out of an agreement unless your company has given it cause to do so. Thus, your surprise and shock is understandable when one tries to simply terminate...
3 essential contract elements
Reaching an agreement for goods or services is essential for every business. Without these exchanges, companies cannot function. Dependence on things like inventory, supplies and equipment makes business contracts a fundamental piece of every company's solid...
Should you start your succession plan now?
As a business owner in Texas, you have a lot of big things planned. Maybe you have the next five years of anticipated and intended growth mapped out. But do you have a business succession plan yet? If you do not, you may want to reconsider. Business succession plans...
What issues are addressed by licensing agreements?
In a licensing agreement, a licensor allows another company, known as a licensee, to use their intellectual property or technology to sell goods or services. A licensing agreement can be lucrative for a Texas company, but a licensor is unlikely to take such an...
What is the difference between a startup and small business?
Many terms in the business world are a little confusing, but knowing the difference can help you to get your company off on the right foot. For example, do you know if you have a Texas startup or a small business? You may think those are the same thing or that every...