Houston Law Blog

Clickwrap agreements result when a user clicks a button or checks a box to confirm that he or she accepts the agreed upon terms. Businesses often use these contracts for those who are setting up an email account, using an online banking system or purchasing a product through the Internet.

Like all things in the legal world, this area of business law has evolved. Employers are now using clickwrap agreements to help manage employment contracts. Disputes have resulted, including a recent disagreement about the power of a restrictive covenant.

Starting a business involves a lot of financial and “sweat” equity. Time, effort and money are all needed to get a new company up and operating. Lots of businesses look to divide that work among different partners, capitalizing on each person’s strengths.

This can be a great way to get a business off the ground, but what happens when the partnership becomes detrimental to business?

There are many advantages to incorporating a business. One of the most notable is the ability to protect yourself from personal liability. In theory, if the business is sued, your personal assets are protected.

Or are they?

Sears is a retail icon. The department store giant was one of the first in the industry and has been in business for over a century. It began as a store that operated solely on sales from catalogs and morphed to be a founder of the brick and mortar style of retail sales.

Sears has faced financial struggles over the past few decades. Sales went down, debt mounted and the company ultimately filed for a Chapter 11 bankruptcy. This form of bankruptcy is designed to provide the possibility the store can survive the petition and continue operations.