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How to avoid partnership disputes in Texas

As is the case with any close relationship, disputes often arise between business partners in Texas, and elsewhere. When this happens, it can significantly affect business and, sometimes, may have an adverse effect on your bottom line. At The Jackson Law Firm, people often ask us how they can avoid partnership disputes. As such, we will discuss some tips for how to handle disagreements between business partners.

Protecting intellectual property in Texas

The term intellectual property covers a wide range of creations. These may include artistic and literary works; inventions; and images, names and symbols that are used in business dealings. Failing to adequately protect such creations of the mind, however, may cost people in Texas, and elsewhere, the opportunity to capitalize on their work. In fact, the STOPfakes.gov website reports that the sale of counterfeit goods cost companies across the U.S. between $200 billion and $250 billion each year. In order to avoid such losses, and potential business disputes, it is important for business owners to understand how to protect their intellectual property.

Business dispute arises between soda companies over use of a word

Many business owners in Texas, and elsewhere, are aware of the importance of logos, color use and branding when it comes to consumer recognition. If a company’s competitor uses similar slogans, logos or colors to market its products, it could confuse customers and take potential business away. Sometimes, business owners will admit their mistake and change the logos or colors. Should companies refuse, however, it could lead to business disputes.

What happens when a company copies your trademark?

Developing goods or services that allow you to provide unique offers to consumers is an important part of growing your business in Houston, Texas. To protect these from other businesses and maintain your niche in the marketplace, you can file for a trademark with the U.S. Patent and Trademark Office. If another company creates a similar mark or brand that leads customers to believe they are getting your product or service, that company could be guilty of trademark infringement, which is unfair competition and is against the law.

What are deceptive trade practices?

Like other business owners or marketers in Texas, you may make grand assertions about the effectiveness of your produce or the quality of your services. While this is not generally a problem, business disputes may arise if you are overly deceptive in your claims. As a result of false advertising, you could face drawn out business litigation, which may adversely affect your bottom line.

Appropriate times to withhold payment from a subcontractor

It’s always in a company’s best interests to adhere to the terms of a contract, especially when it comes to payment. Failure to pay someone for the work or service they do can result in business litigation. This can include Houston business owners who don’t pay fair wages to their employees and subcontractors. It also pertains to the payment terms outlined in a contract between a business and a subcontractor company.

How is executive compensation typically structured?

In the corporate world, the many terms and procedures of a contract can be confusing and daunting even for the most seasoned professional. Whether you are an executive or the company owner, it can help to go over the terms of an employment contract with a business attorney who has experience in executive compensation.

Appropriate times to withhold payment from a subcontractor

It's always in a company's best interests to adhere to the terms of a contract, especially when it comes to payment. Failure to pay someone for the work or service they do can result in business litigation. This can include Houston business owners who don't pay fair wages to their employees and subcontractors. It also pertains to the payment terms outlined in a contract between a business and a subcontractor company.

Strong, unique trademarks are better protected from infringement

There are few things that can be as fun, exciting and creative for company executives as creating a business trademark, whether starting a new business or modernizing the look of an established company. Trademarks are arguably the most identifying feature of a business. A strong and unique trademark can help consumers identify a company at a glance, whether it's a locally-known Texas supermarket chain or a nationally-recognized auto brand. 

Owner of travel deals website sued for unfair competition

When starting a business that's completely legitimate, business owners may not expect a lawsuit, but sometimes that's exactly what happens. Business litigation can occur any time professionals in another company feel that their rights or interests are being threatened. This appears to be the case for a young New York City entrepreneur, whose online company helped people across the country, including in Texas, find the best deals on airplane tickets.

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