Lessors and tenants involved in residential lease transactions sometimes benefit from obtaining the candid and on-point counsel of proven business attorneys experienced in real estate matters.
There is no question that such is the case when a commercial lease is being negotiated.
When a law firm holds itself out as an entity that helps the virtual universe of actors in the oil and gas industry resolve challenges and exploit opportunities, that is saying something.
Especially in Texas.
A recent in-depth business article spotlighting employment agreements and their obviously central role in the commercial universe makes a salient point: "clarity matters."
We modestly suggest at the proven Houston business law firm of Stephenson Fournier that, if you're a foreign business seeking to expand into the United States, Texas might reasonably be on your short list of possibilities.
After all, our state is a top-end oil and gas producer with vast resources yet to be tapped. Texas is also arguably ground zero for space exploration in the world, with Houston being home to the Johnson Space Center. Tourism is huge in many locations across the state. Medical companies, global transportation and shipping, financing, high-tech startups - all these fields and more are huge and ever-growing across Texas. And with Houston, San Antonio and Dallas, Texas boasts three of the 10 largest cities in the country.
In Houston, as in other cities, regulations dictate how many parking spaces a development must have. The number required depends on type and size of the development. For example, Houston requires 1.333 parking spaces for each 1 bedroom unit in an apartment complex and 4 spaces for every 1,000 sq. ft. of gross floor area in a retail store. These requirements are burdensome in densely populated area.
Commercial real estate projects of significant size in Houston and across Texas often feature multi-layered complexity. That reality equally affects principal participants ranging from investors, lenders and developers to project owners, lessees/tenants and myriad additional parties.
Acquiring a business can be a lengthy process. It can also be an exciting one, and there are a few things to consider before jumping in with both feet.
To avoid discovering nasty surprises after the purchase, you should consider the following before acquiring a business to ensure it's the right move:
If a former employee is using what they learned from you to compete with your business, you need to take effective action. Ideally, you would have a valid noncompete agreement in place, but the courts don't always uphold these. What issues make them unenforceable and how can they be addressed?
Noncompete agreements cannot place unreasonable restraints on trade
Starting a business with a new partner can be an exciting time. After a while, however, the relationship can get complicated.
Some conflicts between partners are simply part of working with other humans. Some disagreements can even be good for the business, because you are forced to think about things from a different perspective. However, disagreements can hinder your progress.
There are many advantages to investing in the commercial real estate market. The industry can provide an opportunity for entrepreneurs to go out on their own, to move away from the traditional grind of a traditional office job and start their own venture. Those who are interested in this market may find their days filled with studying markets, reviewing purchase or leasing contracts, and negotiating deals.
If this market sounds of interest, the following tips can help to better ensure a successful transition.
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