The Importance of a Buy/Sell Agreement
The Importance of a Buy/Sell Agreement Many small business owners understand the importance of creating an LLC or similar entity to protect the individual owners from potential liabilities of the company. However, standard operating agreements or bylaws of these entities typically do not include stipulations covering what will happen in a prospective event that will […]
FTC’s Final Rule – Are Non-Competes Completely Unenforceable?
FTC’s Final Rule – Are Non-Competes Completely Unenforceable? The Federal Trade Commission (FTC) issued a final rule finding non-compete clauses in connection with employment relationships to be in violation of Section 5 of the FTC Act and bans employers from entering into or enforcing non-compete clauses nationwide. The FTC issued this rule on April 23, […]
Post-Marital Agreements
Post-Marital Agreements Waldron & Schneider recently published a post detailing the necessities and utility of entering into a premarital agreement or prenup. This blog post follows by detailing post-marital agreements as an option for dictating the terms for property distribution in the event of a divorce. Post-marital agreements may additionally be referred to as postnuptial, […]
Enforcement of an Unwritten Contract
Enforcement of an Unwritten Contract A contract is typically a document between two or more parties which lays out an agreement by each side to perform certain actions. Sales of homes, purchases of businesses, and insurance agreements are all common examples of lengthy pages of terms and conditions which are eventually signed before the contract […]
Supreme Court of Texas Contract Interpretation Case
Supreme Court of Texas Contract Interpretation Case On November 2, 2023, the Supreme Court of Texas issued an opinion in U.S. Polyco, Inc. v. Texas Central Business Lines Corp. regarding contract interpretation. Specifically, the case involved a contract requiring further writings for certain land improvements to be made. The contract did not specify whether these […]
What is a Prenup, and Should I Get One?
What is a Prenup, and Should I Get One? A prenuptial agreement is used to define the rights and obligations of couples who are about to marry. Depending upon the nature of your relationship with your future spouse, it may be prudent to first enter into a prenup to protect your rights and interests. A […]
How do I protect my confidential information in litigation?
How do I protect my confidential information in litigation? A lawsuit isn’t a walk in the park—most people don’t want to be sued or have to do the suing, but sometimes recourse to the courts is the best way of righting a wrong. What happens when your lawsuit requires the disclosure of trade secrets and […]
Contracts for Deed: Risks and Realities
Contracts for Deed: Risks and Realities A contract for deed or rent-to-own contract, also known as a “bond for deed,” “land contract,” or “installment land contract,” is a contract in which the buyer pays for land by making monthly payments for a period of years. The buyer does not own or have title to the […]
Physician’s Employment Agreements
Physician’s Employment Agreements If you recently received a job offer for a new job as a physician, before you sign an employment contract, it is important to meet with an attorney who can help you understand the terms of the agreement and how those terms may affect your career. At Waldron & Schneider, several of […]
Texas favors the Freedom to Contract, so why not use it?
Texas favors the Freedom to Contract, so why not use it? Most people think of a “contract” as a written agreement signed by two different parties. But what people don’t realize is that they can enter into contracts simply by exchanging emails with one another. This could leave a party open to having a court […]