Articles Tagged with Business Law

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gavel1-300x169At Guest and Gray, we know that if you are in an attorney’s office, typically that means something has gone wrong. You have been arrested. Injured in an accident. Marital problems. You have been sued. We understand the stress that is involved in each case and we seek to take that stress away and make your problems OUR problems.

Guest and Gray did not become the largest and highest reviewed law firm in Kaufman and Rockwall counties by mistake or accident. It was through hard work and dedication to our clients. It was done by consistently exceeding our clients expectations for their case. We cannot promise victory. In many cases, regardless of outcome, there is no “victory”, only resolution. Our promise to you is that we will work hard for you in order to obtain the best possible outcome for your situation. That is the only guarantee we can give.

Each case is important because attached to each case is a real person. No matter how many clients or how many cases we have, your case is important to us. Our caring support staff and experienced attorneys will fight hard for you each step of the way.

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RockwallHarbor2Rockwall is a destination for residents and businesses alike. Rockwall has it all. High end living, great places to eat, Lake Ray Hubbard, easy access to Dallas and East Texas. Overall, it is a great place to live and raise a family. It is also a great place to start a business because of the high population density in Rockwall and the fact that it is a hub for several major interstates and highways.

Guest and Gray, P.C. is the largest and highest rated law firm in Kaufman and Rockwall counties. Our staff of attorneys is dedicated to serving the Rockwall area. We are the local, trusted law firm who has represented hundreds of Rockwall county residents over the years in various legal disputes.

We are a full service law firm practicing in the following areas of law in Rockwall County, Texas:

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Guest and Gray, P.C. is a the largest local law firm in the Kaufman, Forney and Terrell areas. We are also the largest firm in Rockwall county. With over 100 years of combined legal experience, Guest and Gray, P.C. is prepared to handle almost any legal matter that you may have.

Terrell is a city on the rise. The city planning and Economic Development corp, Terrell America, have done a fantastic job of bringing business into the city. This means new jobs and new jobs will mean new residents. Terrell, like all of Kaufman county, is growing at a rapid pace. Terrell is becoming the East Texas hub that it once was when our parents were growing up. I remember my grandparents telling me about how they used to come in from East Texas just to go eat or shop in Terrell. Terrell is becoming that city once again.

Guest and Gray, P.C. is committed to the businesses and residents of Terrell and Kaufman county, and we are here to serve in numerous legal capacities. We are a full service law firm dedicated to providing the best legal representation around. Whether it be general civil litigation, such as contract or real estate disputes, or estate planning, probate and contested Wills. We even handle the more complex cases that most smaller and solo firms won’t handle, such as breach of fiduciary duty, wrongful death, complex real estate disputes, mergers and acquisitions, asset sales agreements, and general counsel services. You name it, Guest and Gray, P.C. has an attorney who can guide you through the legal process.

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GuestandGrayLogoGuest and Gray Law Firm is the highest rated local law firm for both Rockwall and Kaufman counties. Our main offices are located in Rockwall off of T.L. Townsend just passed the Rockwall County Court House and our Forney location is located in old downtown Forney off of Bois D’Arc St., in the old bank building. We strive to obtain outstanding results for our all of our cases. Our support staff is hardworking and knowledgeable strives to put you at ease during tenuous times.

Being involved in litigation is never a person or businesses goal. However, sometimes circumstances make it impossible to avoid a lawsuit without giving up substantial rights and, in most cases, money.

Guest and Gray, P.C. is one of the only full service law firms in the Kaufman and Rockwall county areas. When it comes to providing service to our clients, we have the attorneys to provide excellent legal counsel in just about any area of law. Our practice areas include:

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handshakeNon-Compete Agreements are generally disfavored by the Courts. However, they have been granted protections in Texas under the Texas Non-Compete Act. Although fully recognized in Texas, they must generally be very limited in scope and reasonable under the circumstances.

If you are purchasing a company, one of the most important sections can be the non-compete. If you purchase a business from a seller who is well known in the community without including a non-compete, you may find yourself competing against that seller again in the future if they decide to re-enter the same industry again. The seller and their business has presumably built up goodwill and name recognition. That is probably part of what drew you to want to buy the business in the first place. Now, think of potentially having to compete with that person you just paid to purchase their company and they steal all their business back by coming back into the market shortly after the sale. That would be terrible and that has happened in the past.

The following list identifies common points for buyers and sellers that our firm emphasizes during both the negotiation of a non compete agreement as part of the sale of a business and litigation that may arise out of a non compete agreement after the sale. These are all based on the law in the State of Texas and how these specific points have been treated in the past. We call them “pitfalls”. Don’t fall into one.

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handshakeThe Purchase and Sale Agreement

Purchase and Sale Agreements are required when a person or entity acquires another business or assets of another business. These sorts of documents are common place and if you are in the market to purchase an existing entity with ongoing operations, this is a document that you should become quite familiar with before actually signing on the line. It is also a complex document that should be drafted by an attorney. Many people that I have spoken to over the years have not wanted to hire an attorney because of the additional cost. However, when you are spending hundreds of thousands and even millions of dollars on purchasing a new company or business assets, saving a little bit of money on attorney’s fees is not worth it if you mess the whole thing up and it costs you big time in the future.

Here is a basic run down of a Purchase and Sale Agreement. It is a lot like a Residential Real Estate Contract, but with some additional terms and sections that make it a much more complex document that a Realtor or broker, absent a corresponding law license, should not be drafting from scratch on their own.