To prevail on its claim to collect on a promissory note, a lender must prove (1) the existence of the promissory note in question, (2) that the alleged recipient of the funds signed the note, (3) that the lender is the owner or holder of the note, and (4) that a certain balance is due and owing on the note.
Category: Small Business Help
Five Contracts That Every Startup Should Have From the Beginning and Why
Clear legal agreements help minimize the chances of litigation, which can quickly exhaust the company’s monetary resources and distract it from what really matters – building a business. These agreements also help attract investors.
Client Non-Solicitation Agreements for Hair Salons, Med Spas, and Others in the Beauty Industry: Writing and Enforcing Them (Part I)
A good non-solicitation and confidentiality agreement, combined with other key provisions, and smart business practices, can deter client poaching and preserve the relationship between the salon and its clients even in the face of its employees’ departure.
Brace Yourself, Resignations Are Coming. Is Your Company Ready?
Anyone who has been running a business for a while knows that January is a high turnover month for employees. And while companies cannot prevent
All Businesses Can Take These Two Steps to Protect Their Trade Secrets
Every business should take at least the following steps to protect its trade secrets: (1) have employees sign non-competition / non-solicitation and confidentiality agreements and (2) turn on proper security features on all document management systems and databases, such as Google Share Drive, Microsoft 365, Dropbox, etc., and any databases used by the business.
The Fifth Circuit Rules Industry-Wide Noncompete Agreements Are Not Enforceable
The Fifth Circuit Court of Appeals recently considered whether a travel agency’s noncompete agreement with its employee was enforceable under Texas law. It concluded that because the agreement did not have geographic limits, was not limited to the travel agency’s customers with whom the employee actually worked during her employment, and included entire travel agency industry, the non-compete was unenforceable.