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- Outsourcing Innovation and Ideas: Legal Considerations for Crowdsourcing and Freelancing
Commerce that involves knowledge is rapidly growing, along with new models for businesses that are emerging as thought leaders in their fields. New vocabulary describing these knowledge workers and thought leaders, and new models of knowledge acquisition for business use are becoming more common.
- Gypsy Brewers: Contract or Alternating Proprietorship?
It's an exciting time for craft beer in Texas, and the industry is growing like wildfire. One of the benefits of being a brewer in Texas is that new laws regarding gypsy brewing have opened the playing field to all comers. But gypsy brewing, like any new business, needs careful structure and contracts in place before the excitement of hops and fermentation takes over.
- What Do I Need to Know before Buying an Existing Business?
Buying a company requires various processes before the documentation has been finalized and the ownership papers exchange hands. This means due diligence, going over provisions, understanding the financial data, asking and receiving answers to questions and knowing what is being purchased.
- Discovery and Document Review in Business Litigation
Businesses can find discover requests unsettling. A good business litigation attorney will be able to educate businesses on what information they may have to reveal. Read on to learn more.
- Who's the Actual "Party" to this Contract?
by NM Law, APC
Legally, the term “party” means an individual or entity that agrees to be bound contractually to one or more other individuals or entities. All parties have specified benefits and obligations found in the contract—or a legally enforceable agreement. It’s important to ensure that you protect your interest in royalties and income going forward and that you always ensure that you have a legally enforceable right in the event of a default or other problem after a deal has been negotiated.
- Types of Insurance Products that Can Protect Your Business
There are many types of insurance needed to protect the company that has been built, but many individuals are unaware they are even needed. To ensure the business is safeguarded from various incidents, problems and complications, it is important to purchase insurance and similar items that could assist in preventing possible issues from arising.
- How Can I Legally Pass My Business to My Heirs?
Passing a business to family members or dependents is possible depending on how it is accomplished. This means there are legal means to ensure the possession of the company is moved from the current owner to someone that has been designated as an heir in a will, business succession plan or similar document.
- Action Items for the Estate When a Solo Physician or Dentist Dies
When a solo physician or dentist dies, the doctor’s estate must figure out what to do with the practice. Because the doctor practiced solo, there are no partners who will continue the practice. The estate cannot operate the practice because it’s not licensed to practice medicine or dentistry. Usually the estate has two choices, either sell the practice or wind it down.
- Electronic Discovery in Civil Law: Considerations for Business Owners
Texas enacted electronic discovery laws in 1999, and these laws allowed discovery in civil suits to include information stored electronically, such as emails, e-calenders, voice mails, instant messages and chat room conversations, as well as more traditional business communication such as memorandum and contracts. Data stored on personal electronics and hand-held devices can be made part of discovery during a civil suit.
- What Are the Benefits and Drawbacks of Franchising a Business?
When considering buying or building a business, many individuals may feel the better option is through a franchise. However, while there are certain benefits of following through this this action, there are also drawbacks that the potential business owner needs to understand before committing to franchise business.