Practice: Business Transactions

• Business Litigation

  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 Litigation

  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 Litigation

  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.