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Lease Assignment and Change-of-Control Clauses That Blow Up M&A Deals
A lease assignment or change-of-control clause in a commercial lease can stall a sale as effectively as a missing contract or a broken representation. The problem is often not the rent. It is a clause that treats a stock sale, a merger, or a change in the tenant's ownership as
Trenton Roberts
Aug 187 min read
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Trademark Clearance and Registration Steps for Texas Businesses
By Trenton Roberts and Autumn Hartman. Trademark clearance shows if a name or logo is available.
Trenton Roberts
Aug 117 min read
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The Battle of the Forms in Texas: UCC Section 2.207, Purchase Orders, and Why Supply Agreements Matter
By Trenton Roberts and Spencer Kendrick. When purchase orders and acknowledgments conflict, Texas Business and Commerce Code Section 2.207 decides the terms. How the battle of the forms plays out, and why a master supply agreement is the cleaner answer.
Trenton Roberts
Aug 77 min read
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NDA Negotiation Niche Points: Residuals, Non-Solicit Carve-Outs, Standstills, Term, and Trade Secrets
NDA negotiations stall on residuals, non-solicit carve-outs, standstills, term, and trade secrets. Here is how to negotiate those points.
Trenton Roberts
Aug 46 min read
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Contract Review Checklist for Small and Mid-Size Businesses (MSAs)
By Trenton Roberts and Rachel Jones. A structured checklist helps teams catch MSA issues before signature.
Trenton Roberts
Jul 287 min read
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Middle-Market M&A Niche Issues: Working Capital True-Ups, Earnouts, Sandbagging, and RWI Exclusions
Headline price is not the whole deal. Working capital true-ups, earnouts, sandbagging, and RWI exclusions often move more money after signing.
Trenton Roberts
Jul 2110 min read
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Fractional GC vs. Hiring In-House Counsel
Fractional general counsel provides ongoing outside legal support without a full-time hire. In-house counsel is an employee embedded in the company. Many growing businesses start with fractional GC and later hire in-house as legal volume and complexity increase.
Trenton Roberts
Jul 146 min read
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Clean Team Agreements and Gun-Jumping in Competitor Deals
In a deal between competitors, the NDA is not enough. The parties still have to compete until they are allowed to close, and they still have to avoid sharing more competitively sensitive information than the diligence and integration-planning work actually requires. Two legal
Trenton Roberts
Jul 96 min read
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Incapacity Planning for Texas Business Owners: Powers of Attorney, Guardianship Alternatives, and the Company Agreement
By Trenton Roberts and Jay Stigers. If an owner cannot sign, someone still has to run the company. Texas durable powers of attorney, guardianship alternatives, health care documents, and the company agreement terms that make incapacity planning work.
Trenton Roberts
Jul 68 min read
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What a Fractional General Counsel Does (and When Growing Companies Need One)
A fractional general counsel (fractional GC) is an outside attorney who provides ongoing legal guidance to a business on a part-time or scoped basis, covering contracts, governance, day-to-day questions, and coordination on transactions, without hiring a full-time in-house counsel.
Trenton Roberts
Jul 16 min read
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Partnership Tax Issues in LLC Operating Agreements: 704(c), Allocations, 754, and the Audit Rules
LLC operating agreements allocate tax items. Here is how Section 704(c), target allocations, Section 754 elections, and partnership audit rules should show up in the document.
Trenton Roberts
Jun 248 min read
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Choosing a Business Entity in Texas: Practical Considerations
By Trenton Roberts, Andrew Brown and Spencer Kendrick. Entity choice turns on liability and tax.
Trenton Roberts
Jun 178 min read
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Rollover Equity in Private Acquisitions: Tax and Deal Terms
Rollover equity is the portion of a seller's stake that stays in the business after a sale, usually as equity in the buyer's holding company. Sellers often want tax deferral on that slice. Buyers often want the sellers' incentives aligned after closing. Those two goals only meet
Trenton Roberts
Jun 97 min read
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Commercial Lease Negotiation for Texas Tenants: What to Fight For
By Trenton Roberts and Natalie Voels. Here is what Texas tenants should negotiate in a commercial lease.
Trenton Roberts
Jun 39 min read
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Profits Interests and Admitting New LLC Members
Profits interests are the tool many LLCs use when they want to admit a new member for services without handing over a slice of current capital. Done correctly, the grant can be respected as a partnership interest in future appreciation only, and the IRS safe harbors in Rev.
Trenton Roberts
May 288 min read
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Texas Indemnity and Limitation-of-Liability Clauses: Drafting That Holds Up
By Trenton Roberts and Rachel Jones. A Texas indemnity must meet the express negligence test.
Trenton Roberts
May 227 min read
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Owning Your IP: IP Assignment for Founders and Contractors, Trade Secrets, and Tax
By Trenton Roberts and Autumn Hartman. Copyright and patent ownership start with the creator.
Trenton Roberts
May 189 min read
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Pre-Closing F Reorganizations for S Corporation Targets
When a buyer wants to acquire an S corporation and treat the purchase as an asset deal for federal tax purposes, a pre-closing F reorganization is often the structure on the table. The target can stay in place for contracts and payroll accounts, sellers can roll equity with more
Trenton Roberts
May 127 min read
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Texas Estate Planning for Business Owners: Community Property, Probate, and Succession
By Trenton Roberts and Jay Stigers. Texas has no state estate tax, but community property still matters.
Trenton Roberts
May 59 min read
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Estate Planning for Business Owners After the One Big Beautiful Bill Act
By Trenton Roberts and Jay Stigers. The One Big Beautiful Bill Act made the $15 million exemption permanent.
Trenton Roberts
May 110 min read
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