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 […]
Category: Business Law
What to Know About the Corporate Transparency Act
Enacted in 2021, the Corporate Transparency Act goes into effect January 1, 2024. The purpose of the Corporate Transparency Act (CTA) is to address issues surrounding anonymous shell companies with the overall aim of fostering transparency and accountability. This act imposes new reporting responsibilities on businesses large and small, so it is important business owners […]
Understanding the Balance Between Copyright and Fair Use Laws
In today’s digital age, the line between content creation and content sharing has become increasingly blurred. With the ease of access to a vast range of materials online, questions surrounding copyright infringement and the principle of fair use have never been more pertinent. This blog post aims to provide a brief overview of these topics […]
Texas Creates New Specialized Business Courts
The State of Texas is soon to join more than half of the other American states in establishing a set of civil courts dedicated solely to business litigation. Although Texas is a business-friendly state with low taxation and minimal business entity regulations, it has not historically had a court dedicated exclusively to resolving business disputes. […]
Anticipatory Breach: Understanding Its Impact on Contracts
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 […]
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 […]