Injuries are not the only claims that customers, competitors, and others can make against your business that can be costly. If your marketing or advertising causes reputational harm to another person or business, you can be liable for that as well. If you sell products and a defective product causes injury, that party could come after you as well.
The enforceability and validity of a non-compete agreement often vary based on the jurisdiction. Depending on the surrounding circumstances, the former employer may need to continue paying their ex-employee a base wage during the duration of the non-compete.
When two or more parties are involved in a business transaction or contract, disputes may occur due to a disagreement, breach of contract, or other reasons. Fortunately, it is possible to resolve business disputes amicably and without going to court. A seasoned Texas business law attorney can educate you about your various options for alternative dispute resolution when involved in a business dispute or disagreement.
Relationships are the building blocks of any business. Clients and customers, of course, are needed if you want any chance of success, but beyond that, a business needs to build relationships with others, including employees and outside parties who supply goods and services.
For many companies, executing marketing campaigns to the masses to sell their products and services is not the best way for them to thrive. Instead, they develop and curate their customer lists and target their marketing efforts. That client list may be a company’s lifeline.
A business may rely on intellectual property assets that it needs to protect from misappropriation or misuse by others, which would result in financial and reputational damage to the owner.
As a business owner, you know what it takes to work hard, see your vision through to the end, and manage a never-ending stream of difficult situations.
According to the Texas Uniform Trade Secrets Act (TUTSA), a "trade secret" is any information that provides independent economic value from not being generally known and for which the owner makes reasonable efforts to maintain its secrecy. Trade secrets consist of all methods, patterns, and techniques used in the day-to-day operations of a business that must be kept confidential.
When we hear the term ‘trade secret,” visions of a vault in Coca-Cola headquarters in Atlanta, Georgia, might come to mind. The formula for Coca-Cola is said to be locked away with access limited to only two people.
Your severance agreement actually tells you exactly what you should do. You should consult with a lawyer regarding your severance. I will be honest with you. In many cases, companies are not willing to negotiate a severance, but I am also aware of when companies may be more negotiable.
