The typical client in Texas is a small to medium-sized business that is involved in litigation or has an innovation or technology that they want patented, trademarked, or copyrighted, or a trade secret protected. However, my clients include businesses as well as individuals or large companies. Litigation clients are usually concerned with protecting their technology or defending their use of technology against another. The areas of technology include manufacturing, telecommunications, information technology, energy exploration, and chemistry. Within chemistry, the technology encompasses formulations of industrial chemicals, industrial products, or oilfield services. Examples of these companies are those that develop downhole tools, automated equipment, hydraulic fracturing, or other similar types of technology.
A business, no matter the type, should have an expert business law attorney at its disposal. Business lawyers are hired to ensure that legal matters relating to a business run smoothly. Though it may be impossible to foresee or avoid all problems that could surface, an experienced business lawyer can provide invaluable guidance and solutions. Having a knowledgeable business law attorney that you can call and count on is a necessity in today’s intricate business climate. At Marcum PC, we provide specialized legal support and counsel to help our clients identify and meet their business goals. We are committed to offering creative solutions that not only save our clients time and money, but also assists them in achieving their business objectives.
At Marcum PC, we represent and handle various types of business law matters. Our aim is to make sure that our clients’ interests are recognized and protected. With offices in Houston and Dallas, TX, our professional business law attorneys at MPC are readily available to serve clients in need of proficient business advice and advocacy.
What Consists of Business Law?
Business law consists of issues and matters that arise from the interaction between businesses, government, and the public. Business-related matters include the creation and execution of contracts, internal agreements, business formation, complex transactions, asset protection, intellectual property rights and protection, contract disputes, dispute mitigation, dispute litigation, and the establishment of preemptive measures.
In order for a business to thrive, a business lawyer should be enlisted from the beginning. Newly formed businesses especially should have access to a skilled business law attorney from inception. A business lawyer can provide vital counsel on how to best set up your business, advise on best practices and compliance, and help avoid litigation down the road. Unfortunately, many businesses, particularly smaller businesses, forgo having a business lawyer until an issue has direly escalated beyond their control. Business lawyers exist to prevent problems from developing and mitigating them in case they do arise. Therefore, it is imperative to obtain a business law attorney who is well-versed in business law matters and this sector of the law.
Why Is Business Law Important?
Businesses are unique in their dynamics, procedures, measures, operation, services, products, and intellectual property. As such, business law covers a vast practice area that exists to help business owners succeed in their endeavors and protect their interests. For instance, when a company agrees to do business with another company or individual, they should actualize a contract that details their business affairs. Having a contract will help both parties fulfill their objectives and obligations and avoid misunderstandings or disputes.
Though not an inclusive list, the role of business law is important in the following:
- Business Formation: Before a business opens its doors to the public, it must comply with the law. Depending on the type of venture, businesses are usually established as an entity. A business can be formed as a corporation, limited liability company (LLC), partnership, or sole proprietorship. Numerous factors and conditions are taken into account when a business is being formed. The task of properly creating a business should be done alongside a savvy business lawyer who can offer valuable guidance and resources.
- Agreements or Contracts: A contract between two businesses or entities represents the obligations and expectations between the parties involved. A well-drafted contract should essentially be bulletproof against disputes and legal issues. In order to have a reliable contract, a business lawyer should be hired.
- Preemptive Measures: Business should have rules and measures in place that work to prevent disputes and issues. With the assistance of a business lawyer, businesses can be structured in a way that minimizes conflicts and exposure to litigation. Having practices set in place can save a company from financial distress or even bankruptcy.
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