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Starting a business in Oklahoma involves many decisions, including whether your LLC needs an operating agreement. While Oklahoma does not legally require this document, having one can provide significant advantages for your business. Is an operating agreement legally...
Starting and running a business can be a thrilling experience with many opportunities, but it's not all fun and games. There are also risks involved, including the possibility of facing lawsuits. To mitigate these risks, entrepreneurs need a proactive approach. Here’s...
Take-or-pay clauses are quite common in the oil and gas industry, particularly in supply agreements. Essentially, these provisions help sellers create a guaranteed minimum revenue stream. On the other hand, buyers can ensure a secure supply of energy and, in most...
For many entrepreneurs, running a business comes with costly conflicts and misunderstandings. Addressing these disputes can be challenging, especially without legal help. However, you can take proactive steps to minimize the risk of disputes. Let's explore some...
From land disputes to contract disagreements, small businesses can unexpectedly find themselves in legal battles with oil and gas giants. Whether you are a landowner or a local supplier, facing these industry titans in court can be daunting. But do not lose heart....
Intellectual property (IP) disputes have become more complex as technology advances rapidly. In the tech sector, these disputes are not only about protecting patents and copyrights, but also address new challenges brought by innovations like artificial intelligence...
Behind every successful business partnership is a well-defined agreement with clear terms. These terms act as your shield against misunderstandings about profit sharing and investments. Before you sign on the dotted line, it’s important to take a close look at certain...
A solid contract is a strong foundation for doing business —it sets the stage for success and helps protect against potential pitfalls. But what makes a contract genuinely effective? For many entrepreneurs, getting caught up in the excitement of a new deal or...
Businesses' work does not stop when they develop a groundbreaking product. They also need to protect their investments, including intellectual property (IP), from threats. Unfortunately, lawsuits are often unavoidable. When this happens, it can take away important...
Running a business can be rewarding, but it also comes with risks. One of those risks is facing a class action lawsuit. These lawsuits occur when multiple people join together to sue your business. They can be costly and damage your reputation. Have clear policies...