Fraudulent conveyance, also known as fraudulent transfer, is a serious legal issue that can arise during bankruptcy proceedings or debt collection. It occurs when a debtor transfers assets to another party with the intention of avoiding creditors. This hinders a creditor’s ability to collect outstanding debts. While it may seem like a debtor simply needs to avoid transferring assets altogether, the law is more nuanced. For a business owner to be found guilty of fraudulent conveyance, the key element that creditors must prove is intent to defraud. It can help to explore common red flags that ca ..read more

The relationship between you and your suppliers should be a top priority. One of the ways to prioritize this relationship is by having excellent communication. Here are four tips for communicating with your supplier: 1. Communicate early While your supplier contracts may be detailed regarding what to deliver to your business, when to deliver items and so on, things may change. You may want additional goods, to change the quality of the goods or items to be delivered earlier than the intended time. In such instances, you need to communicate early to avoid inconveniences. 2. Be transparent Being ..read more

A lien is a legal claim against an asset, like an aircraft, to secure payment of a debt or obligation. Liens can be legitimate ways to ensure payment, but filing an improper one can result in serious legal and financial consequences. One major risk of filing an improper aircraft lien is legal liability. You could be subject to legal action for court filing if you file a lien without proper legal grounds or documentation. It can result in costly legal fees and damages.  For instance, the aircraft owner may have a claim against you for slander of title. If the lien is invalidated, they coul ..read more

The modern Texas business landscape presents a broader array of legal challenges than ever before. As companies increasingly operate in the digital sphere, the potential for business disputes and litigation can further escalate. A disgruntled customer with a viral tweet or a data breach exposing sensitive information can quickly escalate into a costly lawsuit. If you’re a business owner, know that proactive measures are essential to fortifying your company’s defenses. Embrace a culture of compliance Ignorance of the law will not protect you amid legal trouble. Invest in training programs that ..read more

Contracts are all about solidifying expectations, planning for uncertainties and allocating risk – and that’s where a force majeure clause comes in. A force majeure clause refers to some sort of overwhelming, unpredictable and unforeseeable situation that prevents one party from fulfilling their contract with the other party.  Essentially, it’s a safety net for situations when uncontrollable events caused by external forces disrupt normal business operations. When a force majeure clause is triggered, it effectively relieves the affected party from their obligations without any penalty. Wh ..read more

Construction contracts are foundational documents that define the scope, responsibilities and expectations of a construction project. For contractors, a thorough understanding of construction contracts is crucial to ensuring project success, mitigating risks and protecting their business interests. A construction contract typically includes several critical components, such as the scope of work, project timeline, payment terms and conditions for changes or termination of the contract. Understanding these components allows contractors to manage client expectations effectively and to better ensu ..read more

The use of telecommunications or information technology to carry out fraudulent activities, collectively referred to as wire fraud, has been on the rise over the past several years. As fraudsters refine their methods, no business is safe. Everyone is at risk of falling victim to wire fraud, whether you help to run a multinational corporation or you operate as a small business owner. A single successful wire fraud attack can have a devastating impact on your business, potentially leading to financial loss or reputational damage. Under certain circumstances, your business may not recover. Theref ..read more

In some cases, a lien may need to be put on an aircraft. This is a legal tool that can be used to give someone other than the owner a form of rights over that aircraft. If the owner tries to sell the aircraft or take other steps to get out of their obligation, the lien can be enforced to prevent them from doing so. For example, a lien may be used by a company that provides materials, maintenance and repair services, fuel or other such services to the owner of the aircraft. If that person uses the services to store, fuel or maintain their aircraft and doesn’t pay for them, the lien can then be ..read more

For small business owners, navigating the complexities of serving as a boss to any number of employees can be a challenging part of day-to-day operations. Partially because – and they often do – when things go wrong, the threat of a lawsuit can loom large over a small company.  An employee lawsuit can be financially draining and damage a business’s reputation, affecting its long-term viability. Thankfully, it’s possible to take proactive steps to guard against potential employee lawsuits. While no safeguard can guarantee that a worker won’t take legal action, engaging in thoughtful approa ..read more

Aviation mechanic’s liens are an important legal tool for individuals or businesses in the aviation industry, including as service providers, repair shops and fuel suppliers, who are trying to collect unpaid charter fees or fuel accounts. These liens provide a way to secure payment for services rendered to aircraft owners or operators. Understanding how these liens work is essential for anyone in the industry facing issues with unpaid accounts. An aviation mechanic’s lien is a legal claim against an aircraft for unpaid services, repairs, storage or supplies provided to the aircraft. This lien ..read more