With the Federal Rules of Civil Procedure (FRCP) and related laws in most states, most attorneys can take pre-lawsuit discovery. Texas affords attorneys such an opportunity under Rule 202. This rule is vital because it allows for discovery before a lawsuit is filed. The history of Rule 202 Rule 202 was partially developed using Rule […]
When someone has wronged you, it can be tempting to take them to court and sue them for every penny they’re worth, especially when it comes to your business. However, litigation has several disadvantages: it’s expensive, time-consuming, nerve-racking, and highly antagonistic. Consider alternative dispute resolution, especially arbitration, if you’re looking for a more civil (and […]
Although “bet-the-company” litigation is a relatively new term, this type of legal issue is not new. It refers to litigation that is so high-risk that it can cause a business to have to shut down if not successful. It could make a company unable to perform business or result in the loss of intellectual property, […]
Contracts are complex documents that are required when starting and running a business. When drafting these documents, you must be aware of your own policies as well as local, state, and federal regulations. It is important to be aware of what can happen if your contracts aren’t created properly as well. Here are some mistakes […]
Fiduciary duties refer to the actions and decisions that directors, officers, and business partners take on behalf of stakeholders or other partners. When professionals violate a contract or do not act in the best interest of the corporation, they may be held responsible for breaching their fiduciary duties. What are the main types of fiduciary […]
Once a lawsuit is filed, attorneys and their clients must gather evidence in a process known as discovery. This process can result in evidence being found that was either known or unknown to one or both parties. Here are some details about discovery you should know if you are involved in a business dispute. What […]
Starting a business is exciting. You are embarking on a new adventure with your partners. The future is full of opportunity and ways to make money, get new clients, and expand. However, running a business is more complicated than enjoying these benefits. Getting along with your business partners when the company faces challenges can be […]