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What Happens If My Business Gets Sued in Texas?No business owner wants to face a lawsuit, but the reality is that legal disputes can happen to any company, regardless ...
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Do I Need a Lawyer to Review Every Contract My Business Signs?Contracts are the backbone of business operations, but many Texas business owners underestimate their complexity. From ...
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What Legal Risks Do Texas Business Owners Overlook in Vendor Agreements?Vendor agreements are a cornerstone of business operations, yet many Texas business owners fail to recognize the risks ...
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Read Post - THE REAL TRUTHS OF BUSINESS LAW Click Here to Read the Stories
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Business Law
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Happy Valley Is Not Particularly HappyMars has been colonized enough that there is now a large, working community on it called Happy Valley. Happy Valley ...
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For All MankindWhat a Show About Mars Gets Exactly Right About the Contracts You Sign on Earth For All Mankind is an alternate history ...
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It Tied the Campus TogetherProbate courts multi-task. They supervise the administration of estates. They resolve disputes among heirs. They ...
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Shocked! Shocked!For those not in the know: Raising Cane’s is a fast-food chain, founded in Baton Rouge, Louisiana, in 1996, that sells ...
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About Keeping Your Corporate Books . . .Apple’s original founding papers—the three-page partnership agreement signed on April 1, 1976 by Steve Jobs, Steve ...
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What Happens If My Business Gets Sued in Texas?No business owner wants to face a lawsuit, but the reality is that legal disputes can happen to any company, regardless ...
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Do I Need a Lawyer to Review Every Contract My Business Signs?Contracts are the backbone of business operations, but many Texas business owners underestimate their complexity. From ...
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What Legal Risks Do Texas Business Owners Overlook in Vendor Agreements?Vendor agreements are a cornerstone of business operations, yet many Texas business owners fail to recognize the risks ...
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Royalties, Contracts, and the Police: Why Sting's Bandmates Can’t Stand Losing Their MoneyRoyalties, Contracts, and the Police: Why Sting's Bandmates Can’t Stand Losing Their Money How Evolving Music Technology ...
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Calvinball!The Only Two Rules Fans of the iconic comic strip Calvin & Hobbes remember Calvinball, the favorite game of Calvin and ...
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Corporate Transparency Act for Tax-Exempt EntitiesNavigating Corporate Transparency Act Compliance for Tax-Exempt Entities This guide provides an overview of the ...
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The Real Truths of Business Law
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Real Truth #20: Always know how and why you — and the other owners — are paid.Compensation is never just compensation. In a closely held business, how people are paid is a proxy for everything else: ...
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Real Truth #19: When ownership percentages are unclear, everything is unclear and ripe for a fight.Nothing destabilizes a business faster than uncertainty about who owns what. Ownership percentages are not abstract ...
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Real Truth #18: If you don’t know your exit strategy — for you and the business — there is no exit.If you don’t know your exit strategy — for you and the business — there is no exit. A story from 2015 in New England: a ...
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Real Truth #17: Once a trial is scheduled, the business relationships you thought you had do not exist anymore.Once a trial is scheduled, the business relationships you thought you had do not exist anymore. “Contract law is ...
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Real Truth #16: Litigation is a business decision, not a moral one — the courtroom doesn’t care who feels betrayed.Litigation is a business decision, not a moral one — the courtroom doesn’t care who feels betrayed. Most business ...
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Real Truth #15: A bad contract will outlive every good intention.A bad contract will outlive every good intention. In 2014, the surviving members of Monty Python reunited for a series ...
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Real Truth #14: “We’ll work it out later” is the most expensive sentence in business.There is a point in many negotiations where the conversation starts to slow down. The major terms are agreed to. The ...
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Real Truth #13: If you wait to call a lawyer until something is on fire, you’re not asking for advice - you’re asking for miracles.There is a specific look business lawyers see on clients’ faces when they finally pick up the phone. It is the look of ...
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Real Truth #12: The longer a problem sits, the more expensive it becomes to solve - and the fewer good options remain.There is a point in almost every business dispute where someone says, “We should have dealt with this earlier.” It is ...
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Real Truth #11: You can win the legal argument and still lose the business.There is a shift that happens early in many business disputes that has nothing to do with the underlying issue. It has ...
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Real Truth #10: The law cares far less about what you meant than what you wrote.There is a moment in many disputes when someone says, “That’s not what we intended.” It is usually said with confidence, ...
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Real Truth #9: If it’s not in writing, you’re about to have an expensive argument.There is a point in nearly every business dispute where the conversation collapses into a version of the same exchange: ...
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Real Truth #8: Most business lawsuits don’t start with a legal problem; they start with a communication problem.Most business lawsuits don’t start with a legal problem; they start with a communication problem. Most companies imagine ...
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Real Truth #7: If you think the “small stuff” doesn’t matter, the small stuff is what will bury you.Plenty of business owners are willing to fight about the “big” issues. Price. Equity. Control. Term length. Territory. ...
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Real truth #6: Contracts don’t prevent disputes — they arm you for when the dispute arrives.Contracts don’t prevent disputes — they arm you for when the dispute arrives. Most business owners want contracts to be ...
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Real Truth #5: If you don’t control your company records, you don’t control your company’s story.Every business has a story. How decisions were made. Who had authority. Why money moved when it did. What was approved, ...
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Real Truth #4: When serious money is on the table, “we’re all on the same team” becomes “please refer to Section 14.7(b).”Every business relationship starts with alignment. People talk about partnership. They talk about shared goals. They ...
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Real Truth #3: People don’t read what they sign; sometimes the people doing the drafting count on it.True story: a woman died at Disney World in Orlando. Her husband sued Disney for negligence. Disney moved to have the ...
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Real Truth #2: If a business decision wasn’t documented and a dispute arises, it was never made.There’s a moment in nearly every business dispute when someone says, with complete sincerity, “But we already decided ...
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The Real Truths of Business LawA company grows faster than its agreements. Decision-making shifts without anyone ‘getting around to’ updating the ...
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Real Truth #1: Business partnerships end for the same reason marriages do: money, control, or silence — sometimes all three.Most partnership breakups don’t end with slammed doors or dramatic walkouts. The slammed door or dramatic walkout was ...
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