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Austin TX Business Law Blog

Thursday, January 16, 2020

Tips for Negotiating a Business Contract


While there is a wide range of business agreements that come into play when you are an entrepreneur, a business agreement often requires at least some negotiation in order to be finalized. This means you and the other party or parties to the agreement will have to work out all of the details of the contract or agreement in a way that is amenable to all involved. Concessions will usually need to be made.

Business agreements can have important consequences for a business and negotiations of these agreements should be approached with great care. Here are some tips to help ensure you successfully come out the other side of


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Monday, January 13, 2020

What to Look for in a Commercial Lease


There are plenty of documents that come across your desk as a business owner. Most are standard and you can easily get complacent in reviewing specific terms. For instance, you may have to enter into a commercial lease.
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Tuesday, December 17, 2019

What Is a General Partnership?


If you are at the beginning stages of forming a new business, you have probably realized that there is a laundry list of important decisions that need to be made. This includes what type of business to form. There are unique benefits and restrictions to any form of business whether it be a Limited Liability Corporation, General Partnership, Limited Partnership or something else.
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Friday, December 13, 2019

What Is the Uniform Trade Secrets Act?


Intellectual property is essentially a product of the mind or creativity. It may be tangible or intangible. Intellectual property includes things such as inventions, art, literature, and methods. A trade secret is one type of Read more . . .


Thursday, November 14, 2019

What Is the Difference Between an LLC and an LLP?


One of the major decisions you will take on as you start up your business is what type of business entity to select. There are pros and cons to every type. Understanding your options is the first step in making an educated decision about this important step in the business formation process.
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Friday, November 8, 2019

What Is an Asset Purchase Agreement?


When you have a business, are setting up a business, or selling a business, there is the inevitable paperwork that follows. The paperwork can seem never ending. Things can get lost in the shuffle. Oversights are easy when things start to pile up. Unfortunately, the details in the paperwork are important to not only be aware of, but to understand.
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Wednesday, October 16, 2019

What Should Be Included in an Investor Agreement?


Securing investors is often a critical component to starting or growing a business. In order to maintain and protect your important relationship with your investors, an investor agreement should be carefully drafted and include several key terms. The investor agreement can bring peace of mind to an investor that his or her investment interests are being protected and to the company that the investor funds will be seamlessly transferred and founder interests have been preserved.

What to Include in an Investor Agreement

An investor agreement is a contract that outlines the terms of an investment. The agreement should, of course, include the very basics, such as:
  • The names and addresses of the parties
  • The purpose of the investment
  • The date of the investment
  • The structure of the investment
  • The signatures of the parties
The terms of the investment should be clearly laid out in the agreement.
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Thursday, October 10, 2019

What Is a Certificate of Formation?


Starting a business is an exciting time and one filled with important decisions to make and tasks to undertake. If you have decided that establishing your business as a Limited Liability Company (LLC) there are certain regulations that you will need to comply with in order to successfully create a valid LLC. While there are specific procedures that you are required to follow and formalities that must be observed, an LLC is a great choice for your company because of the benefits it provides.
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Friday, September 20, 2019

What Are the Benefits of a Sole Proprietorship?


Setting up shop on your own can be a daunting prospect. A sole proprietorship is a business that is owned and managed by just one person. While more than one person may be helping with business operations, the business is still owned by a single individual.
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Monday, September 9, 2019

Non-Disclosure Agreement


Oftentimes, a business has valuable information that is confidential. A business may have a manufacturing process or sales technique that they wish to safeguard and protect from others outside of the company using. These are commonly referred to as “trade secrets.” 

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Tuesday, August 27, 2019

Shareholder Agreements


There are several documents that are foundational in starting a business. A shareholder agreement is one such document. The shareholder agreement essentially lays down how the business will be run.
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