Share

Business Law

Thursday, June 30, 2022

Force Majeure Clauses


Sometimes, despite our best efforts, life and the world throw us curve balls that few could have foreseen and are completely beyond your control. Because of this, sometimes a business contract you entered into may become impossible or impractical to perform. This is where a force majeure clause can come in handy.

Force Majeure Clauses

A force majeure clause in a contract is a provision excusing one or both parties to the contract from performing their contractual obligations when circumstance beyond either parties’ control arise which make performance of the contract either impractical or impossible.

What would constitute such circumstances that would trigger a force majeure clause? Well, these clauses themselves usually list qualifying events.
Read more . . .


Sunday, June 26, 2022

The Value Standard in a Partnership Agreement


The value standard in a partnership agreement is, as it suggests, the standard at which the partnership is valued. It is a critical component of a partnership agreement and one which should be serious considered before being memorialized in this legally binding contract. At some point, a partner may want to leave the partnership. In this case, the value standard will play a pivotal role in determining the equity the exiting partner has in the partnership. When an improper value standard is used, it discourages partners who want to leave from leaving which can lead to big problems in and of itself.
Read more . . .


Tuesday, May 24, 2022

How to Choose the Right Business Partner


There are few things more exciting to an entrepreneur than a new business idea. As you forge ahead in making your business dream a reality, you may, at some point, find that your endeavor could greatly benefit from some help. A business partner can be a great way to bring in a particular skillset or resources into a developing business.
Read more . . .


Saturday, May 21, 2022

Liquidated Damages Clauses in Business Contracts


Contracts are not always honored. Breaches do occur and if you are a business owner it is an important possibility to plan for. While we put contracts in place hoping to see them fulfilled, there is always the chance that one or both parties to the contract will not uphold their end of the deal. In the event of a contract breach, the legal system provides various mechanisms for either enforcing the contract or for compensating the party impacted by the other party’s breach. Enforcing a contract or seeking damages sustained due to a breach of contract, however, can lead to some rather involved and costly litigation.
Read more . . .


Sunday, April 17, 2022

What is a Professional Corporation?


There is a fairly wide range of business entity options from which you can choose from when starting a new business. Depending on the type of business you are planning for and who will be owning and operating the business, there may be further options still. A professional corporation, for instance, may be an option for some.
Read more . . .


Thursday, April 14, 2022

Forming an LLC in Texas


A Limited Liability Corporation or “LLC” is a popular business structure to select. It affords owners many benefits, including pass through tax benefits, flexibility, and personal liability protection. If you are an entrepreneur looking to form an LLC in Texas, here is an overview of the formation process.
Read more . . .


Monday, March 21, 2022

Avoid these Common Family Business Mistakes


Family businesses can be a great source of pride. After all, family members pour their time, financial resources, and hearts into these kinds of entrepreneurial endeavors. While they come in a variety of shapes and sizes, family businesses all maintain single family ownership. It can be difficult to keep a family business in the family. Along with the other challenges any other business can face, there are struggles that can pop up for family businesses in particular.
Read more . . .


Friday, March 18, 2022

Creating a Remote Work Policy


While some companies have been offering remote work opportunities for years, others may have been pushed in this direction by the COVID-19 pandemic or by an increasing demand for such arrangements by potential employees. Regardless, if your company has always offered remote work, is newer to remote work, or is considering remote work options for your employees, the time is now to make sure you have a comprehensive remote work policy in pace. Here are some tips to creating such a policy.

Creating a Remote Work Policy

Remote work can be a great way to attract a broad range of qualified employees who enjoy the commute free life of remote work. As a unique work arrangement, however, it is important to put a solid remote work policy in place so that everyone is clear as to the expectations for the remote work arrangement.
Read more . . .


Monday, February 14, 2022

Hiring an Attorney for your New Business is a Must


Starting a new business is a big and exciting endeavor. It may seem, however, as if there is a never ending to do list before you. On top of this, you may be worried about covering start-up costs.
Read more . . .


Friday, February 11, 2022

Virtual Mediation in COVID-19 Times


COVID-19 brought unprecedented times to all of us, businesses included. Over the past few years, COVID-19 has persisted and businesses have been hard hit with its multifaceted impacts. As businesses struggle with lockdowns, social distancing, and competing in an ever changing market, there will continue to be problems arising. There will be conflicts businesses need to resolve. On top of all of the hardships businesses have faced lately, the prospect of stressful, costly, and time consuming litigation may just be too much to bear.
Read more . . .


Sunday, January 23, 2022

Have you Heard of the Promoting Competition in the American Economy Executive Order?


President Joe Biden issued Executive Order 14036 on July 9, 2021. Titled “Promoting Competition in the American Economy,” the order included 72 initiatives geared at tackling what the President asserts to be the most pressing competition issues the U.S. economy is currently facing. Let’s take a closer look at this executive order and its goals.
Read more . . .


Archived Posts

2022
2021
2020
2019
2018
2017
2016
2015
2014

← Newer12 3 4 5 6 7 8 9 10 11 12 Older →


   



© 2022 The Kumar Law Firm PLLC | Disclaimer
609 Castle Ridge Road, Suite 315, Austin, TX 78746
| Phone: 512-960-3808

Business Formation | Business Law | General Counsel Services | Purchase/Sale of a Business | Establishing Company Policies and Employee Handbooks | Franchise Law | Intellectual Property Strategy | Intellectual Property Law | Patents | Trademarks and Service Marks | Copyrights | Trade Secrets | Contracts & Negotiations | Business Succession Planning | Estate Planning | Alternative Dispute Resolution for Business | About

Google+Linked-In Company

Law Firm Website Design by
Amicus Creative