If you worked long and hard to build a business in Texas, you most likely understand how crucial it is to protect your interests. Like other business owners, you live a dual life. There's your professional side, and then there's your personal life. Building, launching and sustaining a business takes a lot of time. Many business owners will tell you they don't have much time for private lives, but most try to fit a little rest and relaxation into their schedules from time to time.
Maybe you were friends since high school or you met in a university business class. Wherever your partnership began, it blossomed into the business arrangement that has served you successfully for years. Lately, however, you and your partner are not always seeing eye to eye.
Whether in Texas or elsewhere, companies that combine typically do so with the purpose of benefiting all parties involved. A business merger is a complicated legal process. If you choose to pursue a merger as a company owner, it will take careful planning to ensure a smooth execution.
Non-compete agreements are a popular way for businesses and companies of all types and sizes to protect their intellectual property and trade secrets. Employers can ask new employees to sign contracts that would only take effect after the employee-employer relationship ends. While there are a variety of reasons why non-compete agreements can be beneficial, they should be carefully worded and drafted with the help of an experienced attorney.
If you run a small business in Texas, you may have the goal of building a staff that is like an extended family. You hope to hire employees who are enthusiastic and reliable, and you want them to feel that you trust them. This may be one of several reasons why you may be reluctant to ask your new employees to sign a non-compete agreement.
Starting a business can be one of the most significant decisions you ever make and the legal process can seem daunting. Each state has different laws and regulations regarding the formation of small business and having an understanding of them before you get started will make things easier for you as you go about the process of forming your small business in the state of Texas.
Clarity is the most important detail in any contractual agreements. It is a legal essential, yet certain documents always have more terminology that is left open to interpretation. The non-compete waiver an employee signs when changing jobs is among those, with key elements that determine if it is enforceable if it is challenged in court. The agreement is a means of protection for the business but it cannot hinder the former employee's prospects.
Thank you for visiting our new blog. In this first post, we will introduce the noncompete agreement and the important role it can play in the success of a Texas business of any size or type.