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AdobeStock_272289224-300x182A partnership involves two or more people agreeing to do business together for profit, even when you do not intend or there is no written agreement to form the partnership. Legal partnerships must comply with registration, filing, and tax requirements applicable to any business, and a Texas partnership attorney can assist people throughout the state who are considering forming partnerships.

You need to decide which kind of partnership you want to create, as there are several different kinds. General partnerships are the most common kind of partnership, and partners are entirely personally liable for all partnership debts; limited partnerships (LPs) allow for both limited and general partners, and the limited partners will not be liable for business debts beyond their own investments in the business although general partners will remain fully liable for an LP’s debts; limited liability partnerships (LLPs) afford protection to partners from business liabilities they had no hand in creating themselves; and limited liability limited partnerships (LLLPs) allow limited partners to have liability for business debts capped at the total amount of their investments.

Choose Your Partnership Name

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AdobeStock_625494364-300x200The escape clause is a clause, term, or condition in a real estate contract allowing one party to the contract to avoid performing their duties in relation to the contract. Escape clauses can offer both buyers and sellers of homes to exercise legal rights but can also be subject to abuse, so it is important to work with experienced Austin, TX real estate attorneys when you are in the process of buying or selling a home in Texas.

When an agreement is created for the sale of a house, a buyer might include an escape clause to allow themselves the opportunity to escape from the contract without being liable for breach of contract. Similarly, a seller might include an escape clause to allow them to accept a better offer for a home.

How Escape Clauses Work

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AdobeStock_300361069-300x200Texas is an at-will employment state, meaning at-will employees may be terminated at any time for any reason, as long as it is not an illegal reason when the decision is in the best interest of an employer. Terminating employees is rarely an easy decision, and any business struggling with employment decisions should work with an Austin employment lawyer.

The Texas Workforce Commission (TWC) notes that no advance notice of termination or resignation is necessary, but when advance notice of resignation is given, it may be accepted, rejected, or modified by an employer. When a notice period is rejected, an employer does not have to pay for the time not worked by an employee since the duty to pay ends on the date a work separation becomes effective.

Planning Terminations

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AdobeStock_533470666-300x200Chapter 134A of the Texas Civil Practices and Remedies Code is known as the Texas Uniform Trade Secrets Act, and Texas Civil Practices and Remedies Code § 134A.002(6) establishes that a trade secret is defined as “all forms and types of information, including business, technical, scientific, economic, or engineering information as well as any design, formula, pattern, prototype, compilation, plan, program, code, program device, device, technique, method, process, procedure, financial data, or list of actual or potential customers or suppliers, whether it is tangible or intangible and whether or how compiled, stored, or memorialized physically, electronically, graphically, photographically, or in writing when an owner of a trade secret takes reasonable measures under the circumstances to keep the information secret, and the information derives actual or potential independent economic value from not being generally known to and not being readily ascertainable through proper means by another person who can obtain economic value from the disclosure or use of such information.” Trade secrets are valuable because there are considerable efforts to protect the information, and people will need to work with a Texas business attorney for help protecting their trade secrets.

A legal cause of action for exposed trade secret information is known as misappropriation of trade secrets. This occurs if a trade secret is improperly acquired or is otherwise disclosed or used without consent.

Reasonable Measures to Maintain Trade Secrets

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AdobeStock_527614812-300x200Enacted in 2022, the Inflation Reduction Act (IRA), enacted in 2022, stands as a pivotal United States federal law with a multifaceted approach addressing inflation, climate change, and healthcare costs. Representing the largest investment in climate action in U.S. history, the IRA is poised to achieve a substantial 40% reduction in greenhouse gas emissions by 2030.

This groundbreaking legislation incorporates diverse provisions strategically designed to curtail greenhouse gas emissions, foster renewable energy initiatives, and catalyze job creation within the burgeoning clean energy sector. Notably, the IRA allocates a substantial $369 billion investment in clean energy and climate change mitigation. This encompasses tax incentives for renewable energy projects, capital infusion into clean energy manufacturing, and financial support for climate research endeavors.

Emphasizing its commitment to advancing technologies that actively contribute to carbon neutrality, the IRA prioritizes Negative Carbon Use (NCU) technologies. These innovative solutions play a pivotal role in offsetting greenhouse gas emissions, offering companies a spectrum of benefits, including tax credits, government funding, and heightened market demand. Consequently, the IRA presents a momentous opportunity for corporations specializing in NCU technologies.

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AdobeStock_295110466-300x132Sexual harassment training is not necessary for non-government workers in Texas but is required for all state employees. If you are dealing with sexual harassment concerns in your workplace, makes sure you speak to a Texas employment attorney.

Changes to Texas sexual harassment laws last year have now made more companies view sexual harassment training as being more of a necessity. Sexual harassment training in the workplace may help employers avoid costly lawsuits and reduce potential employer liability.

New Texas Sexual Harassment Laws

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AdobeStock_238503198-300x200July 1, 2024, marks an important deadline for nearly all businesses in California. The new Workplace Violence Prevention Policy, SB553, goes into effect, aiming to enhance safety measures in the workplace. Here’s what you need to know:

What Does SB553 Entail?

SB553 mandates that all California businesses create and implement a comprehensive written plan which addresses various aspects of workplace safety, including risk assessment, prevention strategies, incident response protocols, and employee training.

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AdobeStock_439234126-300x155The key to any successful Silicon Valley business is hiring the right people. Indeed, the decision to hire a new employee is an important task for any business, whether it is a startup or a multinational corporation. But what are the legal issues you need to consider before you decide to bring a new person into your company?

SLG offers counseling on a wide range of California employment law issues to businesses in San Jose and throughout Northern California. Here are just a few of the key issues you need to think about when it comes to new employees.

Employee or Contractor?

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AdobeStock_647582173-300x200When two parties enter into an intellectual property licensing (IP) agreement, it is not uncommon for disputes to arise regarding licensees using IP outside the scope of a license agreement. Such cases can result in IP litigation that can be extremely costly, and anybody with a possible IP dispute should quickly seek the help of a Texas intellectual property lawyer.

One of the major questions many people struggle to answer is whether a violation constitutes a breach of a license agreement, infringement of IP rights, or license infringement. A licensing agreement typically outlines the terms and conditions for the use of IP as well as the compensation a licensor will receive from a licensee, and a licensee who fails to follow the terms of the contract can allow a licensor to hold the licensee accountable.

Types of Licensing Agreement Violations

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AdobeStock_714509522-300x200An intellectual property licensing agreement allows a person to retain ownership of a patent, trademark, or copyright but gives another party permission to use some or all of their intellectual property rights for a specific amount of time for a fee or royalty. Intellectual property contracts usually specify termination dates and procedures, and any person trying to craft an intellectual property agreement will want to be working with an Texas intellectual property lawyer.

After you secure your intellectual property rights, it can be more convenient or valuable to let somebody else use the rights in exchange for a fee. Such logic is exactly why intellectual property agreements and contracts exist, but the documents can be complex and may require intensive negotiations.

Key Intellectual Property Licensing Terminology

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