Netflix subscribers in Texas may be interested to learn that the streaming giant has filed a lawsuit against Relativity Media, alleging that the studio breached an exclusivity contract when some of its content landed on competing streaming services. Relativity is currently going through bankruptcy proceedings in New York.
There is nothing worse than the thought of fighting over an estate after a loved one has passed on. Unfortunately, it's not out of the question that you could find yourself in this position at some point.
Entrepreneurs in Texas can take certain steps to position their businesses for acquisition. By targeting strategic buyers, such as a competing business, another company in a related industry, or a larger business in the same industry, entrepreneurs can reap more than one benefit.
Construction companies in Texas rely on contracts to establish the terms for price, schedule and building standards when setting up a project with investors. Many situations could cause a contract dispute to flare up, leading to minor delays or snowballing into costly breaches of contract. Most problems arise from the parties misunderstanding a contract, experiencing delays, failing to administer a contract or making unsubstantiated claims against other parties. Before any ground is broken, builders and investors can take proactive steps to reduce the possibility of misunderstandings and disputes.
A person or entity is said to have a fiduciary duty if they're obligated to act in another party's best interest. If that person or entity fails to do so, they have breached their duties. Examples of a fiduciary include an attorney representing a client or a corporate officer representing a shareholder. It is important to note that this relationship must exist in accordance with applicable laws.