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In today's market, business owners understand the importance of having a competitive advantage. Confidentiality is paramount if that advantage is in the form of intellectual property like a trade secret or a proprietary process. Many businesses have their employees...
Some financial obligations are secured debts. There is collateral property directly attached to the financial instrument. Car loans and mortgages are examples of secured financial instruments that treat financed property as collateral. If a borrower falls behind on...
Creating a contract should be straightforward. It should outline each party’s responsibilities, compensation and dispute resolution. Of course, if they were that easy, anyone could do them. Unfortunately, some people have tried to draft their own agreements and had to...
Wire fraud scams are growing more and more sophisticated over time – but all of them involve schemes to steal money from the victims. However, forewarned is forearmed. You have a better chance of avoiding wire fraud if you understand some of the most common types....
Contracts are an important part of business because they outline the terms of deals made between companies. When both companies uphold their respective ends of the contract, it can be completed successfully. There are times when one party may not meet the terms of...
It can be devastating when your supplier starts delaying orders because this can negatively impact your business operations. Nonetheless, delays don't always warrant ending a relationship with your supplier. It can be beneficial to take other steps first, including:...
Fraudulent conveyance, also known as fraudulent transfer, is a serious legal issue that can arise during bankruptcy proceedings or debt collection. It occurs when a debtor transfers assets to another party with the intention of avoiding creditors. This hinders a...
The relationship between you and your suppliers should be a top priority. One of the ways to prioritize this relationship is by having excellent communication. Here are four tips for communicating with your supplier: 1. Communicate early While your supplier contracts...
A lien is a legal claim against an asset, like an aircraft, to secure payment of a debt or obligation. Liens can be legitimate ways to ensure payment, but filing an improper one can result in serious legal and financial consequences. One major risk of filing an...
The modern Texas business landscape presents a broader array of legal challenges than ever before. As companies increasingly operate in the digital sphere, the potential for business disputes and litigation can further escalate. A disgruntled customer with a viral...