Contracts are the cornerstone of every binding business agreement. These agreements help to outline costs, deadlines, deliverables and other details. These commitments allow the business to move forward and commit to other contracts for generating income and providing...
Employers can lower their risk for wrongful termination suits
Businesses enjoy many benefits through Texas’s use of employment at will policy. This means that (absent of an agreement or statute that outlines terms and conditions of the employment), either the employer or the employee can legally terminate the business...
Did someone violate their fiduciary duty?
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...
Can a business or individual sue a partner for abandonment?
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...
5 defenses in a breach of contract lawsuit
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 could you be held liable for your business’s actions?
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...
Did a third party interfere with an existing contract?
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...
Many companies have sued over denied business interruption claims
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...
I’m being sued for breach of contract. What do I do?
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...
I can’t fulfill my contract. What now?
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...