Indemnification provisions are present in many types of contracts- service agreements, leases, insurance contracts, and employment agreements - to name just a few. To "indemnify" someone is to promise to pay the cost of future damage, loss, or injury and therefore to protect them from future monetary damage. Indemnity provisions are common, "boilerplate" language. This leads many careful, … [Read more...] about What are Indemnification Provisions?
To our readers who live here in The Woodlands and are looking for a central place to go to keep up with all the activities, laws, changes, requirements, and benefits of living in The Woodlands, check out The Woodlands Township website. It is chock-full of information and is constantly being updated. Want to know the schedule for monthly & holiday events? Want to know when the Ice Rink … [Read more...] about Resources for Living and Working in The Woodlands Texas
If you own a business and haven't made proper arrangements, you are leaving your employees, customers, business associates, and family vulnerable. For instance, what if something happened to you? What if you were 1) disabled and unable to perform your duties; or 2) deceased? Whether you have a family business, a sole proprietorship with employees, have a partner, or are a one-person show, … [Read more...] about For Business Owners – The DANGER of Not Having a Power of Attorney & a Will!
If you are currently married and have children from a prior relationship or marriage, you should have an estate plan! Why? If you were to die, without a will, Texas law will decide who gets what, and in what amount. And that can be bad. Understand this: if you have children from outside your current marriage, and you die without a will, your children from your prior … [Read more...] about Have Children from a Prior Relationship and You Don’t Have a Will? Why That’s a Bad Idea….
Some legal situations have a clear start, and a clear finish. For instance, a deal is proposed between two people, negotiations happen, a contract is drawn up, then revised, then signed. The deal proceeds and the event is concluded. Everyone goes on with their lives. A good example of this is a home purchase. Closing occurs, money exchanges hands, new deeds are filed. The new people move in. … [Read more...] about I no Longer Represent You….
Small business owners, you know how important it is to keep your own financial and banking information safe from digital predators. Don't forget to give your client's private information the same careful consideration. Here are some ways to do so: Keep control of your hard copies. Keep client's information in a safe place. Shred sensitive information, don't just throw it in the regular … [Read more...] about Small Business Owners, Keep Your Client’s Information Secure!
If you have a corporation or other business entity (Corporation, LLC, LLP and so on), you shouldn't just "file it and forget it"! Once you have established a business entity, there are certain requirements for keeping it "in good standing" here in the Lone Star State. (Other states, too, so if you are following us from out of state, be certain to check on the requirements in your individual … [Read more...] about Your Corporation- Don’t Just File it and Forget it!
Did you know that you can give power of attorney to someone you trust for a specific event or to cover a specific time? Well, you can! The most common use of a specific power of attorney involves real estate closings. A seller of a property who is leaving the area may not wish to return to the area simply for the purpose of signing the final paperwork. In fact, returning for that one … [Read more...] about Powers of Attorney for Specific Events