Providing Answers For Every Business Query
At Hunt Pennington Kumar PLLC, our attorneys serve clients in Austin and elsewhere in the surrounding area of Texas who seek strategic business counsel. We care deeply about setting you up for success, whether you are thinking of starting a business or have spent years operating a large corporation. Business law comes with a variety of complex legal details; on this page, we have devoted our time to answering a few of the questions that our clients frequently ask.
What steps can I take to protect my business idea?
As experienced intellectual property law attorneys, we help individual entrepreneurs and business entities explore their options to prevent infringement and theft of their IP. Some options include:
- Nondisclosure agreements
- Civil litigation
If you are interested in licensing out your patent portfolio, we can help you do so in ways that will still protect your IP.
What are some common examples of business disputes?
Business disputes can arise for a variety of reasons, even if you take proactive measures to avoid them. The most common business disputes include:
- Partnership disputes
- Shareholder disputes
- Breach of contract or other contract disputes
- Infringement of intellectual property
- Securities violations
- Unfair competition
Many conflicts involve two or more issues that are intertwined in a complex manner that requires counsel to resolve.
Could I lose my personal assets in a lawsuit?
If you have incorporated your company, then the court considers your personal assets separate from your business assets. They will not be at stake in a lawsuit. This protection does have limitations, though. Certain instances of negligence including fraud or breach of fiduciary duty could put an individual’s personal assets at risk.
What are the benefits of various forms of alternative dispute resolution (ADR)?
Usually, ADR – including negotiation, mediation and arbitration – costs substantially less than litigation. It can grant both parties more control over the final outcome instead of putting matters in the hands of a judge. And it keeps matters private instead of making the details available for public record.
When should I use ADR and when should I consider litigation?
You should carefully weigh the risks versus the benefits of each method of dispute resolution. Is it better to accept a settlement and walk away? Or is the potential award or loss worth the expense of a lawsuit? Ultimately, if the parties involved simply cannot reach a solution they agree on, litigation is sometimes unavoidable.
Do You Have More Inquiries? Ask Our Business Lawyers
When you want counsel that can resolve business concerns and bolster your success, you can turn to us. We have even more answers to the questions you have. To request your initial consultation, reach out to us by calling 512-503-7334 or by sending us an email.