Practice: Business Transactions

• Business Transactions

  Prescription & Trade Secrets: A Benefit To Your Business?

  • July 22, 2014
  • By Allen & Gooch
  

  Former Employee Develops Similar Technology Aspen Technology sued a former employee, who was director of technology and research, for violating a noncompete clause in his employment contract. Aspen added as a defendant, the new employer, M3 Technology, claiming tortious interference with the contract, trade secret misappropriation and copyright infringement. Aspen and M3 both develop, sell […]

• Business Transactions

  Silicon Bayou 101: Pivoting Your Business

  • July 8, 2014
  • By Allen & Gooch
  

  Small Business and Technology on the Rise in Silicon Bayou As our Sunday nights are now void of Silicon Valley, we have time to reflect on some of the legal issues addressed in the second half of the season.  Has your business experienced any of these issues in Silicon Bayou? The Importance of Branding In […]

• Business Transactions

  Think Twice Before Giving a Power of Attorney: It May Be Broader Than You Realize

  • June 9, 2014
  • By Emile Joseph
  

  Where Personal Guaranties and Power of Attorney Intersect In Gulf Coast Bank and Trust Co. v. Montoli & Pitre, LLC, ___ So.3d ___, 2014 WL 970155 (La. App. 5 Cir. 3/12/14), the principal and agent (a married couple) were members of Montoli & Pitre, LLC (“Borrower”), and in connection with a closing in which the […]

• Business Transactions

  Hart Scott Rodino 101:When You Have to Report Transactions to the Feds

  • May 6, 2014
  • By Allen & Gooch
  

  For many entrepreneurs, the opportunity to sell your company is a dream come true.  After all of your hard work, you have built something valuable that someone else would like to purchase, allowing you to start a new venture or perhaps retire.  Among all of the legal issues surrounding the sale of a business hides […]

• Business Transactions

  Choosing a Business Structure for Your Louisiana Company

  • January 13, 2014
  • By Allen & Gooch
  

  Different Types of Business Structures With several ways to structure a business in Louisiana, choosing the best structure for your business can seem like a difficult task.  Here are a few things for business owners to think about and discuss with their legal counsel when structuring their business entity. Sole Proprietorships may be easy, but […]

• Business Transactions

  Accord and Satisfaction: When Partial Payment Means Payment in Full

  • December 30, 2013
  • By Jessica Allain
  

  How to Settle a Debt by Only Paying Part of it Under Louisiana law, accord and satisfaction is the settlement of a debt by partial payment.  In Complete Medical Systems, LLC v. Health Net Federal Services, LLC, 13-0367 (La. App. 1 Cir. 11/1/2013), — So. 3d —, the Louisiana First Circuit Court of Appeal applied […]

• Business Transactions

  5 Reasons All LLC’s Need an Operating Agreement

  • December 23, 2013
  • By Allen & Gooch
  

  An Operating Agreement is an agreement between the members of an LLC about how the affairs of the business will be handled.  Many businesses, whether just starting out or fully established, may not realize they need an Operating Agreement.  Here are the top 5 reasons every LLC should have an operating agreement: 1.  Death, Divorce, […]

• Business Transactions

  Employment Contracts: Non Competition and Non Solicitation Agreements

  • September 7, 2013
  • By Emile Joseph

  Although non competition and non solicitation agreements are enforceable in Louisiana, there are strict limits.Careful planning & drafting is necessary.