When a prevailing party, typically a plaintiff or claimant, is awarded a judgment in Texas, the legal journey doesn’t always end there. In certain situations, the enforcement of judgments can be extensive and may involve the appointment of a post-judgment receiver. This legal mechanism, known as post-judgment receivership, plays a crucial role in ensuring the […]
Month: January 2024
The Applicability of Personal Guarantees in Texas
A personal guarantee is a legal undertaking by an individual (the guarantor) to repay a loan given to a business if the business itself fails to repay. This commitment is commonly requested by lenders when a business does not have sufficient credit history or assets to secure a loan. Personal guarantees are governed by state […]
Employment Agreements and Bonus Incentives
We previously covered general considerations of employment agreements in Texas. Today, we give extra considerations to disputes that may arise from such agreements, or the lack thereof, with a focus on bonus pay incentives. Wages paid on commission and bonuses are typically subject to the terms of either an agreement between the employee and employer or […]