What Is Contractual Capacity? When Might a Person Lack Capacity? In this series of blogs, we have looked in greater detail at the specific requirements of a valid and enforceable contract. The first three blogs in the series looked at agreement, ...

On this Independence Day, let us all aspire to those principles that make our nation great—freedom, liberty, and justice for all. We wish you a safe and happy holiday with loved ones. ...

What Is Volition? Common Situations Where a Party Does Not Voluntarily Enter a Contract In this series, we are looking at the necessary components of a valid and enforceable contract. In earlier blogs, we looked at the necessity of an “agreement” ...

What Is Consideration? What Qualifies as "Sufficient" Consideration When determining the validity of a contract, a court first looks to see that the parties had some type of agreement— that there was, as discussed in Part 1, a valid offer and an ...

What Is an Agreement? What Does It Require? When Will a Lack of Agreement Void a Contract? Contracts are an essential component for virtually every business. In fact, it’s not uncommon for your business to enter into multiple contracts on a daily ...

Factors to Consider When Setting Up a New Enterprise You’ve decided that you want to be your own boss. One of your first considerations will be the legal form of your business. Maybe you’re going to run the whole show or maybe you’ll be responsible ...

The Benefits of Hiring Legal Counsel over Doing It Yourself You’ve decided to become your own boss and need to set your business up with the state of Texas. You’ve done a little research and believe that a limited liability company, or LLC, will ...

How a Buy-Sell Agreement Can Protect Your Business Interests When you’re one of a number of owners of a business, there are many legal measures that you can (and should) take to protect your personal and business interests. One of the most important ...

What Filings Must Corporations, LLCs and LLPs Submit Every Year? In most states, business entities such as corporations and limited liability companies (LLCs) must file annual information reports to demonstrate that they remain in good standing. ...

What Is an Asset Protection Trust? Are There Different Types of Asset Protection Trusts? You’ve worked hard to build your personal net worth. You’ve created and followed a well-conceived plan to ensure that you live comfortably for the rest of your ...