Contracts are the backbone of business transactions, providing parties with legally binding agreements that outline their rights and obligations. However, sometimes these agreements don’t go as planned. One of the situations that can disrupt a contract is an anticipatory breach. What is an Anticipatory Breach? An anticipatory breach, also called anticipatory repudiation, occurs when one […]
Category: Business Law
Blockchain and Smart Contracts: Transforming Property Transactions in Texas
The intersection of blockchain technology and real estate law is a novel yet increasingly relevant field of study. As blockchain continues to show its versatility beyond its origins in cryptocurrency, it holds the potential to revolutionize various industries, including property transactions. This post explores how smart contracts could reshape the real estate landscape in Texas, […]
Potential Issues When Adding Members to a Texas LLC
Texas limited liability companies (LLCs) have become a very popular structure for new businesses for many reasons. The owners of an LLC, called members, do not face personal liability for the debts of the LLC, including debts resulting from lawsuits against the LLC. The LLC requires an initial filing with the State of Texas, but […]
The Legalities of Autonomous Vehicles in Texas
In the grand tapestry of legal innovation, few threads are as vibrant and challenging as those connected to the advent of autonomous vehicles. As technology outpaces legislation, the state of Texas finds itself at the heart of a fascinating confluence of law, technology, and transportation. This article delves into the legal implications surrounding the use […]
Understanding the Difference between Representation and Warranty in Contracts
In contract law, the terms “representation” and “warranty” are often used interchangeably, leading to confusion about their meanings and legal implications. This article aims to clarify the distinction between the two concepts and provide a legal overview of warranties in contracts. Black’s Law Dictionary defines “warranty” as “an express or implied promise by one of […]
Time is of the Essence in Contracts
Time is a fundamental element of contract law. Parties often specify deadlines or specific times for performance to ensure that each party receives the expected benefits of the contract. The phrase “time is of the essence” is often used in contracts to emphasize the importance of timely performance. This phrase means that the performance of […]
Proposed Federal Trade Commission Non-Compete Ban
Our firm frequently receives requests from individuals in varied fields to review non-compete agreements their employers have presented them. We have previous blog posts about the enforceability of general non-compete agreements and the specific requirements for physician non-compete agreements. Soon, however, non-competes may become a thing of the past. On January 5 of this year, […]
Unconscionability in Texas Contracts
Generally, parties with capacity are free to contract for whatever they want in the state of Texas, with a few exceptions such as contracts for illegal acts or contracts that are against public policy. However, a contract can sometimes be so one-sided that courts will not enforce it because the contract is deemed unconscionable. It […]
Forming a Series LLC in Texas
Let’s say you are starting up a new business or want to start buying up investment properties and you are considering forming a Limited Liability Company (LLC). Perhaps in your initial research, you come across the term “Series LLC” and wonder if this is the right entity for your business or investments. A Refresher on […]
Texas “Head Shop” Laws Since Recent Hemp Legislation
Whether intentionally or not, the Texas legislature instituted momentous changes to the legal status of CBD and hemp-based products with the passing of House Bill 1325 in 2019. Since the passing of that bill, a considerable number of businesses selling newly legal CBD, hemp, Delta-8, and associated products have entered the market, and Texas regulatory […]