Intellectual property can be a major concern for entrepreneurs and inventors in Texas and across the country. This is especially true for anyone developing software or other tech startups, as the technology industry is driven by the value of intellectual property. Well-known disputes over copyrights, trademarks, patents and other IP issues have resulted in long-running business litigation involving major players in the industry. Due to the high value of tech IP, handling the transfer of copyrights and patents as well as assessing their value can be some of the most critical aspects for evaluating a potential merger or acquisition.
People in Texas who are creating an estate plan may want to consider whether they want the estate to go through probate. The process can be time-consuming and expensive. It may interfere with the speed with which beneficiaries receive their inheritance. Another potential disadvantage of probate is that it is a public process. Furthermore, if a person owns property in more than one state, there may be a probate process in those states as well.