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Whether you work in the oil and gas industry or another industry entirely, you may decide that you want to start a business partnership. Rather than launching the company on your own, you’re going to partner with someone else so that this is a joint venture. You do...
Well-written contracts are crucial in business. Yet sometimes, one party intentionally tries to make the wording hard to understand. That could come back to haunt them if there is a later dispute over an alleged breach of the contract. It can also make a dispute more...
You may have the dream of starting a new business and working for yourself. Being an entrepreneur is the dream of many, but it is not always easy to succeed in this endeavor. There is much more involved with starting a company than only having a good idea and...
Whether in Oklahoma or Texas, entrepreneurs try to minimize risk and maximize the potential for their business's success. Negotiating a joint venture agreement is a critical step in establishing the terms and conditions of a partnership between two or more entities....
When two businesses in Texas decide to combine forces and move forward as one, they have to consider multiple factors specific to each entity to ensure success. This is where due diligence comes in. Understanding due diligence Due diligence is the process of...
Running a business can be a stressful and unpredictable endeavor. Therefore, it's not surprising that conflicts occur between partners even if they generally have a good relationship. Fortunately, Oklahoma and Texas law provide various options for those who need to...
Opening a business in Oklahoma leaves you open to a great many options. One of them will be to structure your new company as a Limited Liability Corporation (LLC). This is an arrangement that has a great many features to recommend it. If you are looking for more...
The law generally defines a breach of contract as a failure to perform a promise that forms a portion or the entirety of a contract. In order for the party alleging the breach to build a successful case, the other party to the contract must not have a legal excuse for...