The Legal Risks of Using Boilerplate Contracts in Texas Business Deals
In business, time is money, and few shortcuts seem as efficient as using a ready-made contract. Many Texas companies turn to online templates or pre-existing agreements to save time and effort. These “boilerplate” contracts may look professional, but generic language can expose your business to significant legal and financial risks. What works...
Do You Need a Lawyer to Review a Contract? Here’s When You Should
Contracts are the foundation of most business relationships. Whether you're signing a lease, entering into a vendor agreement, or closing a deal with a customer, contracts define expectations and obligations. But not every agreement is as straightforward as it seems.
If you're wondering whether you need a lawyer to...
Fiduciary Duty and Fraud: When Trust Turns Into a Lawsuit
Most business relationships are built on trust—trust that your partner, employee, or advisor is acting in good faith and looking out for the company’s best interests. But when that trust is broken and someone with a fiduciary duty...
The Role of NDAs in Mergers and Acquisitions
Mergers and acquisitions involve the exchange of sensitive business information between companies. Before negotiations begin, both sides may need to share:
financial records, operational details, intellectual property, and other proprietary data.
Can You Have a Binding “Written” Contract if Only One Party Signed?
While most of the time, both parties will sign a contract, sometimes one party neglects to sign. For whatever the reason, you may end up in a situation where only one party signed the contract. However, in most cases, you may still have a binding written contract. This is because...
What Happens When a Business Partner Decides to Leave the Partnership?
You are in business with one or more people, and everything seems fine until one of the partners decides to leave the partnership. This may be because your partner has decided to retire, or it could be over a dispute in compensation or the direction of the business. Whatever the reason,...