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Someone's fiduciary duty is as wide-ranging as their job description. Nevertheless, violating that duty can lead to severe consequences. Generally, it involves a legal or financial situation where an individual or business has a professional obligation to support the...
Business partnerships usually start with a sense of optimism. Unfortunately, not all partnerships are meant to be. When one partner leaves before the other is ready to shut it down, it can lead to more anger and frustration. This type of split can lead the abandoned...
Business disputes are on the upswing in the Metroplex, often due to supply chain constraints. This has led a lot of companies to sue others for breach of contract. If you have been sued, talk to your business attorney about your specific situation. That said, here are...
When you organize a business entity, one of the main considerations is liability. Who should be held responsible for damages or debts caused by the business’s actions? Should the owners, members or shareholders be liable? Or is the business its own entity that is...
If a third party willfully and intentionally interfered with your contract and you suffered damages, you may have the right to file a lawsuit against the third party. This is called a “tortious interference” lawsuit. A tortious interference claim requires the...
When the coronavirus lockdowns occurred, some businesses thought they had insurance that would cover their losses: a business interruption policy. Unfortunately, the insurers have insisted that pandemics are excluded from most of these policies. Or worse, they refuse...
If you have been served with a breach of contract lawsuit, don’t panic. It may not be fun, but it’s not the end of the world. You may fear that you will be forced to pay money, but there are a lot of steps that take place before you reach that point. Your first step...
In times of economic uncertainty, some contracts inevitably go unfulfilled. For example, recent lockdowns or closed borders may prevented you from fulfilling your contractual obligations. Obviously problematic, but not necessarily an emergency. Force majeure You may...
Despite the certainty businesses expect contracts to bring, poorly worded or ambiguous language often lands them in a quagmire. Contracts are often breached or appear to have been breached, leading to litigation. Given the stakes, these can be stressful times as a...
If you own a business in Texas, you probably know that choosing who to hire is one of the most important things you will do. Selecting talented individuals who have the required skill sets to optimize critical tasks within your organization can effectively help you to...