Ground leases are typically 99-year property leases between the tenant and property owner. During the lease, the tenant or lessee typically develops a site by erecting a commercial building or taking over an existing site and making it their own. At the end of the...
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Business Law
FTC proposes ban on non-competes
The Federal Trade Commission announced a proposal to end companies' practice of requiring non-compete clauses as part of their employment contracts. An estimated 30 million workers (18% of the workforce) currently are bound by non-competes. This would be a major...
SEC institutes rule changes to address insider trading
The Securities and Exchange Commission (SEC) recently announced some changes to Rule 10b5-1 under the 1934 Securities Exchange Act. The changes will include disclosure requirements to better ensure investor protection and affirmative defense against insider trading....
Smart non-competes minimize disputes
It is common for companies to use non-competition agreements. These contracts are often part of the onboarding of employees, executives, co-owners, and founders or in connection with the exit of key personnel who are also equity owners during an acquisition. Companies...
Environmental details impact real estate deals
Property buyers and sellers must understand the impact of environmental regulations when trading in real property, whether for residential or commercial use. Regulations have the force of law and must be followed. Failure to do so sometimes puts a deal in jeopardy and...
Forming successful family partnerships
Creating and growing a lucrative business with a spouse, parent, sibling or other close family member is a dream come true for many Texans. It is also a common theme in the nation’s business landscape, as Cornell University says over half of the country’s GDP comes...
5 things to consider before business redomestication
When a company changes its home state – also known as its domicile state – it is called “redomestication.” The process transfers the company’s charter to a different state from where it was legally formed. Entrepreneurs have many reasons for such a move, including...
Converting an out-of-state business to a Texas entity
Since the pandemic began, Texas has been the destination of choice for many businesses, particularly medium to large corporations looking to relocate to a friendlier state to do business. More than 60 big companies moved to the Lone Star State in 2021, and in June,...
What is the value of representations and warranties insurance?
Representations and warranties insurance (RWI) has become more common in Texas mergers and acquisitions over the past few years. During a negotiation, sellers and buyers make specific representations and warranties about past and existing facts. Both sides rely...
Are you under-represented?
Companies that do a great deal of business in Texas often need representation to negotiate contracts and ensure compliance. A company headquartered out of state or overseas may rely on their internal lawyers to do most of the “heavy lifting,” and look for inexpensive...