A joint venture and a partnership are each made when two or more parties want to join the same team. Their purposes vary from businesses wanting to attract more customers to wanting to increase profits. In addition to obvious similarities, there are numerous...
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Partnership Agreements And Disputes
Do you need a trade partnership agreement?
Every new business project, partner, or venture requires an individual agreement. Contracts ensure that all parties have the same goals and understand their roles and responsibilities. An enforceable contract also protects the entities involved. A trading partner...
Three effective ways to resolve a partnership dispute in Texas
Partnerships can be a great way for business owners to pool their resources and create a successful business. However, when disputes arise between partners, they can lead to business interruption and even legal action. While it is often best to avoid partnership...
What should be included in a partnership agreement?
Starting your own business in Texas can be very rewarding. If you do it with another owner, you might have to create a partnership agreement if that is the form of legal entity that you will be operating under. It’s important to include certain terms in your...
How to frame a business contract
Going into business in Texas involves a series of binding legal agreements. The nature of these agreements can be stated in certain terms. Once agreed upon, the terms can be made concrete and enforceable by means of a contract. After you sign it, a contract becomes...
How civil lawsuits work
Business disputes are relatively common for any small business operation in Texas, and they can arise out of a wide variety of circumstances. While many disputes are based on contract violations, the truth is that they can happen over practically any issue in an...
The pros and cons to family limited partnerships
Texas residents may want to learn more about the family limited partnership and its advantages and disadvantages. It is a partnership that a family (or extended family) may form for the a business purpose. A family may use it to run a family business or for holding...
Alternative ways to deal with a contract breach
Business dealings might involve signing a contract that locks the various parties into an agreement. An employee may sign a deal for a specific salary, or the business could sign an agreement with a product supplier. All parties must follow the terms of their contract...
The difference between dissolving and terminating a partnership
Everything is big in Texas, as the saying goes, but that doesn't mean the Longhorn State doesn't support small businesses. There are plenty of small LLCs and partnerships in Texas, and these relationships can come to an end. Timing and other factors determine the...
Is it possible to sue your business partner in Texas?
If your business partner doesn't uphold their end of your agreement, it's possible to sue them. However, you must check the law to know for certain, as there are numerous matters that impact this. In general, three reasons you could sue your business partner are...
