A contract breach can lead to litigation because there can be financial losses for the party that experienced the breach. For instance, a general contractor may have subcontractors under contract, and if they don’t show up and complete their portion of the job, the...
Lufkin Legal Blog
Beware of partnership pitfalls
You and your closest friend have been discussing starting a business together for some time now. Finally, you both are ready to make your dream a reality. You have decided to enter into a partnership and share equal responsibility for managing the company. Before you...
Semi-trucks have long stopping distances
Do you ever look in the rearview mirror and see a semi-truck coming up behind you? Immediately, it becomes obvious that there’s a massive size and weight difference between your vehicles. You may be in a small passenger sedan, and it is going to be dwarfed by an...
How to bring up estate planning with your parents
If you don’t think your parents have an estate plan, you may be concerned about what the future holds. Perhaps you’re worried about disputes that you and your siblings could get into if you don’t have a plan to tell you how to distribute assets. Maybe you’re concerned...
Mistakes to avoid when creating an estate plan
Creating an effective estate plan is crucial for ensuring your assets are managed and distributed according to your wishes after your passing. However, many individuals make common mistakes that can complicate or even undermine their estate planning efforts. Knowing...
What are the benefits of forming an LLC?
Starting a business or scaling up from a one-person operation can be tremendously exciting, but choosing the legal structure for your business is a decision that can have a broad impact on your future success. You do have choices, but one popular option for...
How businesses can take some risk out of commercial leases
A new commercial lease is a massive opportunity for a business. The space that they acquire can help them reach more customers or manufacture more products. However, taking on a commercial lease is a massive commitment that comes with significant liability – not just...
Texas energy companies may be given eminent domain powers
In general, eminent domain is a power that can be used by the government. Most land in Texas is privately owned. But there are situations when the government needs to carry out a project for the benefit of the population as a whole – such as building a hospital or an...
What are the downsides of a business partnership?
There are certainly many positive upsides to starting a business partnership. Your business partner can bring new perspectives, additional financial capital and additional skills and abilities to the business. Many businesses are only successful because they are...
Updating your estate plan when there’s a new addition to the family
Regarding family matters, checking that your estate plan adapts to the changes in your life is paramount. One such significant event is the arrival of a new child. When this happens, updating your estate plan can help you safeguard your growing family’s future....