In a real-life case of adding insult to financial injury, companies harmed by the disloyal actions of their former partners, officers, managers or employees (the “former insiders”) may also have to pay their legal fees when...more
8/20/2025
/ Breach of Contract ,
Business Litigation ,
Bylaws ,
Contract Drafting ,
Contract Terms ,
Corporate Counsel ,
Corporate Governance ,
Corporate Officers ,
Duty to Indemnify ,
Fiduciary Duty ,
Former Directors ,
General-Business ,
Indemnification ,
Indemnification Clauses ,
Legal Fees ,
Limited Liability Company (LLC) ,
Partnership Agreements ,
Texas
As private companies grow, they need to secure capital to support their efforts to provide more (and/or better) products and services to their clients. The need for emerging companies to obtain growth capital often leads the...more
7/24/2025
/ Business Development ,
Business Divorce ,
Business Ownership ,
Contract Terms ,
Corporate Governance ,
Due Diligence ,
Financial Services Industry ,
Investment ,
Private Equity ,
Private Equity Firms ,
Private Equity Funds ,
Risk Management ,
Shareholders
When a married couple enters into a divorce proceeding, they generally expect to end things in a final decree that fully divides all of their marital assets. But when they fully own or have a large interest in a closely held,...more
7/9/2025
/ Business Divorce ,
Business Litigation ,
Business Ownership ,
Buy-Sell Agreements ,
Contract Terms ,
Corporate Governance ,
Dispute Resolution ,
Divorce ,
Executive Compensation ,
Marital Assets ,
Partnerships ,
Spouses
During Valentine’s Day month, we are taking a look at 50-50 owned private businesses. Forming a co-owned company may sound like a good idea on paper because the two partners are close friends or family members who are making...more
2/12/2025
/ Arbitration ,
Business Divorce ,
Business Ownership ,
Buy-Sell Agreements ,
Contract Negotiations ,
Contract Terms ,
Corporate Deadlock ,
Corporate Governance ,
Dispute Resolution ,
Limited Liability Company (LLC) ,
Mediation ,
Ownership Interest ,
Partnerships
In recent years, the headlines have tracked the news of high-profile breakups among business partners in private companies. These business partner fallouts include:
- 2023: Sam Altman was ousted as Open AI CEO (for...more
1/14/2025
/ Business Disputes ,
Business Divorce ,
Business Entities ,
Business Partners ,
Conflict Resolution ,
Contract Terms ,
Corporate Governance ,
Exit Strategies ,
Fiduciary Duty ,
Investors ,
Partnerships ,
Prenuptial Agreements ,
Shareholders