People enter into business together to realize a common vision based on a common interest. Under Texas law, an LLC member cannot simply withdraw or be expelled, so removing a member or partner usually depends on the operating agreement, a buy-out agreement, or dissolution. The belief in success and hope in the future often overrides all other concerns and...
Continue ReadingA verbal agreement can be legally binding in Texas if it is valid and does not require written documentation. Witness statements, correspondence, invoices, and other supporting records can help prove elements of a breach of contract claim. Texas’s verbal agreement law comes from Texas common law, the Uniform Commercial Code, and other Texas state statutes. Suppose your neighbor offers...
Continue ReadingSue a company in Texas by following formal steps across three stages: pre-trial, trial, and post-trial. Begin by focusing on the pre-trial stage, which involves researching your claim, filing a petition, and serving the defendant. Consult a Texas breach of contract attorney for guidance during this process. The steps to sue a company in Texas: – Research your claim...
Continue ReadingLitigation is expensive. While it may not be readily apparent, litigation costs can add up very quickly. In some cases, attorney’s fees exceed the amount in dispute. One way parties may be able to bring the cost of litigation down is to avoid it through alternative dispute resolution (ADR). In Texas, arbitration is one of the most popular forms...
Continue ReadingIn Texas, a motion for default judgment is a request made by a plaintiff when the defendant fails to respond to a civil complaint within the required time. If the defendant does not file a timely answer, the court may grant a default judgment in favor of the plaintiff. This means the court decides the case without the defendant’s...
Continue ReadingThe decision to formalize your business through the establishment of a legal entity with Texas is one of the best business decisions you can make. It sets your company apart from other fly-by-night operations. It allows you to grow and attract investors, and it alerts the public that you are taking your business seriously. The time to process an...
Continue ReadingWhen one person acts as the agent of another, the agent owes the other fiduciary duties. Yet, who is considered the agent can get confusing when a professional uses a title like “real estate agent.” So, what is a fiduciary duty in real estate? In short, realtors and brokers must act in the best interests of anyone they work...
Continue ReadingWhen you hire a financial advisor to manage your securities portfolio, you expect them to comply with their legal obligations and put your interests first. After all, you typically hire a financial advisor because they possess specialized knowledge about securities and finances that help them maximize their clients’ profits and achieve their goals. Unfortunately, financial advisors are routinely accused...
Continue ReadingFraudulent schemes and scams continue to rise in frequency and cost consumers billions. In 2022, consumers reported losing almost $8.8 billion to fraud, a 30% increase from 2021. When an individual loses money due to fraud, they may be able to recover their losses through a civil claim. Contact The Hunnicutt Law Group to discuss your case. Real Estate Fraud...
Continue ReadingEntering a contract with another person or entity can be a great way to get business done or meet your needs. But what happens when you want out of a contract you signed? If you do not want to be liable to the other party for damages, you will likely have to prove that they materially breached the agreement...
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