By Paul Clevenger | Published April 15, 2021 | Posted in Business Lawsuits, Business Litigation | Tagged Tags: business divorce, business valuation experts, majority shareholder, minority shareholder | Comments Off on Business Divorce: What Should Owners Think About When Splitting Up?
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Business Divorce: What Should Owners Think About When Splitting Up?
Business partners are like marital partners in many ways. And like marriages, business relationships can break down. A split up among company owners, often called a business divorce, fundamentally alters the business’s structure and may directly impact its commercial livelihood. For the good of the company and the people involved, the owners should act swiftly Read More
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Can You Legally Record a Conversation with Another Person in Texas?
The idea of recording a conversation might bring to mind complex covert activities like wiretapping someone’s phone in a law enforcement sting operation. Today, when nearly everyone has a smartphone, recording a phone call or chat is as easy as tapping the screen a few times. But when is it legal to record conversations? The Read More
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Can You Recover Attorneys’ Fees in a Breach of Contract Case in Texas?
Attorneys’ fees have been a hot topic over the last few years, with the Texas Supreme Court and several lower courts weighing in. The question of whether one party should pay another’s legal fees is particularly relevant in commercial litigation, where teams of lawyers may spend thousands of hours on a case, running up extensive Read More
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Tips for Building a Successful Relationship with Your Attorney
Most business owners know that relationships are the key to company growth, so they focus on building strong ones, particularly with customers and clients. That includes relationships with accountants, bankers and, yes, even lawyers. Whether you’re the entrepreneur of a startup or a seasoned executive running an established company, a strong relationship with a business Read More
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What Is the Difference Between Mediation and Arbitration?
Whether it’s a disagreement between partners, a dispute with a supplier or one of hundreds of potential contractual issues, most businesses will face legal conflict at some point. The question is how to resolve it as efficiently, favorably and cost-effectively as possible. While engaging in lengthy (and expensive) litigation is always on the table, Texas Read More
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How to Prove a Breach of Fiduciary Duty Claim
In the business world, when you place your trust in others, you take a risk that they may wrongfully put their own self-interests ahead of yours. The law recognizes special obligations — known as fiduciary duties — when someone is bound by law or contract to act or give advice for the benefit of another. Read More
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What Damages Are Available in Business Fraud Cases?
Fraud is an ever-present risk of doing business, and it can be devastating to your bottom line. Business fraud may include such acts as embezzlement, skimming by employees, nondelivery of merchandise, nonpayment of moneys due, misrepresentation and nondisclosure of material facts in a transaction. In order to obtain legal relief when you are the victim Read More
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Common Misrepresentations in Business and Real Estate Transactions
In business and real estate transactions, making false statements or failing to disclose material facts can cause severe financial harm to another party. Once the misrepresentation is discovered, it may be the basis for cancelling the deal or recovering money damages or both. However, not all false statements are made knowingly or with intent to Read More
Read MoreWHAT SHOULD I DO OR NOT DO IF MY BUSINESS IS SUED
TEN DO’S AND DON’TS IF YOUR BUSINESS IS SUED So the worst has happened – you became involved in a dispute with a customer, supplier, shipper, or someone else you do business with, and they have now sued your business. What now? This short article will give you some “do’s” and “don’ts” if you become Read More
Read MoreWHAT IS DISCOVERY
WHAT IS DISCOVERY? In most business litigation lawsuits, the most important part of the case is the discovery period. Basically, discovery is the process by which each side learns, or “discovers” information about the other side’s case. During the discovery period, the Plaintiff (the party bringing the suit) will try to obtain documents and testimony Read More
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