When Is an Acceptance Really a Counteroffer? What Is the Mailbox Rule? Does It Still Apply? The first requirement of a valid and enforceable contract is that there must be an agreement. To constitute an agreement, the exchange between the parties ...

What Must an Offer Contain? When Is an Offer Not an Offer? One of the basic requirements of a valid and enforceable contract is an "agreement." Under contract law, an agreement requires an "offer" and acceptance of that offer. In business, though, ...

When Must a Business Contract Be in Writing to Be Valid? In business, it's common for most communications to be verbal—on the phone or even in person. Suppose you have a conversation with a customer, supplier or potential partner and you come to a ...

Does Every Business Need It? What Does It Cover? When you own and operate your own business, one of your greatest concerns is protecting your investment. While setting your business up as a corporation or limited liability company can safeguard your ...

The Benefits of a Single Member Corporation or Limited Liability Company In Texas, you can create a small business without filing any legal documents, if you set your business up as a sole proprietorship. You can, however, choose to operate your ...

Strategies to Maximize Safety of Personal Assets You've worked hard to build your business and provide for your loved ones. Unfortunately, it's a litigious world and you're always at risk of lawsuits. You want to take all the right steps to ensure ...

The Differences between a Confidentiality Agreement and a Non-Compete Agreement In today's business climate, where the success of many businesses is built on proprietary products and information, keeping that information private can be critical. As ...

Avoiding the Possibility of Losing the Liability Protections of the Corporate Form When you choose a corporate as a business form, one of the most significant advantages is the protection that legal form provides for your personal estate. As a ...

Can You Do It? How Easy Is It? What Do You Have to Do? When you first went into business for yourself, you may have been wearing just about every hat, handling everything yourself. At the time, it made sense to run the business as a sole ...

We are sending holiday cheer to you in the hopes that you and your family have a very Merry Christmas and a healthy New Year. As we look forward to 2022 we humbly pray that the new year brings a new sense of peace and joy as we enter the new year ...