Can you sue for breach of a verbal contract in Texas? Learn what makes a verbal agreement enforceable, the role of the Statute of Frauds, and how Manfred Sternberg & Associates can help Houston residents with contract disputes.

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This blog post explains when to seek legal help for breach of contract issues in Houston, TX. It covers what constitutes a breach, when to consult an attorney, and the legal options available for resolving disputes.

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Mergers and acquisitions (M&A) are key strategies for business growth, expansion, and market dominance. These transactions, however, involve complex legal, financial, and regulatory processes. At Manfred Sternberg & Associates in Texas, we specialize in guiding businesses through the intricate details of M&A deals, ensuring smooth transitions and protecting our clients’ interests.  What Are Mergers and Acquisitions? Mergers and acquisitions involve the consolidation of companies or assets. While the terms are often used interchangeably, they have distinct meanings: Merger: In a merger, two companies combine to form a new entity. The companies involved typically join forces to achieve greater market share, efficiency, or diversification. In a true merger, the two original companies cease to exist, and a new company is formed. Acquisition: An acquisition occurs when one company purchases another, either by buying its assets or acquiring its shares. The acquired company may continue to operate as a subsidiary of the purchasing company, or it may be fully integrated into the parent company. M&A transactions can take many forms, including horizontal mergers (between companies in the same industry), vertical mergers (between companies in the same supply chain), and conglomerate mergers (between companies in unrelated industries). Key Stages of Mergers and Acquisitions M&A transactions typically involve several key stages, each requiring careful planning, negotiation, and legal scrutiny. These stages include: Strategy Development: Before pursuing a merger or acquisition, companies must first develop a strategic plan that outlines their goals, the type of company they wish to merge with or acquire, and the value they expect to gain from the transaction. Target Identification: In an acquisition, the buyer must identify potential target companies that align with their strategic goals. Due diligence is critical during this phase to evaluate the target’s financial health, market position, and potential liabilities. Valuation and Offer: Once a target company is identified, the acquiring company will conduct a valuation to determine the fair market value of the target’s assets or shares. Based on this valuation, the buyer will make an offer to purchase the company. Negotiation: M&A transactions often involve complex negotiations over the terms of the deal. Key issues to be negotiated include the purchase price, the structure of the deal (stock purchase, asset purchase, or merger), and any conditions or contingencies. Due Diligence: During this phase, both parties conduct thorough investigations into each other’s financials, operations, contracts, and legal obligations. Due diligence ensures that there are no hidden liabilities or risks that could affect the success of the transaction. Drafting the Agreement: After negotiations and due diligence are complete, the terms of the transaction are formalized in a definitive agreement. This agreement will outline the structure of the deal, the rights and obligations of each party, and any conditions that must be met before closing. Regulatory Approval: In some cases, M&A transactions must be approved by regulatory authorities, particularly if the deal could affect competition in the marketplace. Antitrust laws, such as those enforced by the Federal Trade Commission (FTC) or the Department of Justice (DOJ), may apply. Closing the Deal: Once all terms are agreed upon and regulatory approvals are obtained, the deal is finalized, and ownership or control of the acquired company is transferred to the buyer. Post-Merger Integration: After the deal closes, the companies must integrate their operations, personnel, and cultures to achieve the desired synergies and benefits. Successful integration is key to realizing the full value of the transaction. Legal Considerations in M&A Transactions M&A transactions involve a wide range of legal issues that must be carefully addressed to ensure a successful outcome. At Manfred Sternberg & Associates, we work closely with our clients to navigate the following legal considerations: Deal Structure: The structure of the deal—whether it is a stock purchase, asset purchase, or merger—has significant tax, liability, and financial implications. We help clients choose the structure that best aligns with their goals while minimizing risks. Contract Review: Both parties must review and negotiate existing contracts, including employment agreements, vendor contracts, and leases. These contracts may contain change-of-control provisions that could affect the deal. Regulatory Compliance: M&A transactions are subject to various federal and state laws, including antitrust regulations, securities laws, and industry-specific regulations. We ensure that all regulatory requirements are met, helping clients avoid costly delays or penalties. Employment and Labor Law: Mergers and acquisitions often result in changes to employment contracts, benefits, and labor relations. It’s important to address how employees will be affected and to ensure compliance with employment laws. Intellectual Property: Intellectual property (IP) assets, such as patents, trademarks, and copyrights, are often critical components of an M&A transaction. We conduct thorough IP due diligence to ensure that these valuable assets are properly transferred and protected. Tax Implications: M&A transactions can have significant tax consequences for both buyers and sellers. We work with tax advisors to structure the deal in a way that minimizes tax liabilities and ensures compliance with tax laws. Why You Need an Experienced M&A Attorney Mergers and acquisitions are complex transactions that involve significant financial, operational, and legal risks. Having an experienced M&A attorney by your side is crucial to protecting your interests and ensuring a smooth transaction. At Manfred Sternberg & Associates, we provide comprehensive legal support throughout the entire M&A process, including: Strategic Planning: We help clients develop a clear strategy for their M&A transactions, whether they are looking to grow through acquisition or sell their business to maximize value. Negotiation and Drafting: Our team negotiates and drafts all necessary agreements, including letters of intent, purchase agreements, and non-disclosure agreements, ensuring that our clients’ interests are protected. Due Diligence: We conduct thorough due diligence to uncover potential risks and liabilities, helping clients make informed decisions and avoid costly mistakes. Regulatory Guidance: We guide clients through the regulatory approval process, ensuring compliance with antitrust and other relevant laws. Post-Transaction Support: After the deal closes, we assist with the integration process, helping clients navigate employment, contract, and operational challenges. Mergers and acquisitions offer tremendous opportunities for business growth, but they also come with significant legal and financial complexities. At Manfred Sternberg & Associates, we are committed to providing the legal expertise and strategic guidance that Texas businesses need to navigate M&A transactions successfully. Whether you are looking to acquire a new company or merge with a partner, our team is here to help you achieve your goals. Contact Manfred Sternberg & Associates today for a consultation and let us help you navigate your next merger or acquisition.

Commercial transactions are the foundation of every business. Whether you’re negotiating a major contract, purchasing real estate, or entering into a partnership, these deals can significantly impact your company’s success and growth. In Texas, the legal landscape for commercial transactions is complex, with state-specific regulations and industry-specific nuances that must be navigated carefully. Having an experienced commercial transactions attorney by your side can help you minimize risks, maximize opportunities, and ensure that your business interests are protected. In this blog post, we’ll explore what a commercial transactions attorney does, the types of transactions they handle, and how they can benefit your Texas business.  What is a Commercial Transactions Attorney? A commercial transactions attorney is a legal professional who specializes in the drafting, negotiation, and execution of business agreements. Their role is to help businesses structure deals in a way that aligns with their goals while protecting their legal rights and minimizing liabilities. In Texas, commercial transactions attorneys are well-versed in state and federal regulations that govern business operations, as well as the specific needs of various industries such as real estate, energy, and technology. Types of Commercial Transactions Handled by Attorneys in Texas Commercial transactions encompass a broad range of business activities and agreements. Some of the most common types of commercial transactions that a Texas attorney can assist with include: Business Formation and Structuring Choosing the right business structure is critical to your success. Whether you’re forming a corporation, limited liability company (LLC), partnership, or sole proprietorship, a commercial transactions attorney can advise you on the best structure based on your business goals, tax considerations, and potential liabilities. Contract Drafting and Negotiation Contracts are the backbone of every business transaction. Attorneys assist in drafting, reviewing, and negotiating a wide range of contracts, including: Purchase and Sale Agreements Service Agreements Non-Disclosure Agreements (NDAs) Employment Contracts Supplier and Vendor Agreements Franchise Agreements Lease Agreements An experienced attorney ensures that these contracts are clear, enforceable, and favorable to your interests. Mergers and Acquisitions (M&A) Buying or selling a business is a complex process that involves multiple legal considerations, from due diligence to compliance with state and federal regulations. An M&A attorney helps guide you through the process, draft the necessary documents, and ensure a smooth transaction. Real Estate Transactions Commercial real estate transactions involve significant financial investments and legal intricacies. A commercial transactions attorney can assist with buying, selling, leasing, and financing commercial properties, ensuring that the transaction complies with Texas real estate laws. Financing and Secured Transactions Whether you’re seeking funding for expansion or structuring a loan agreement, attorneys can draft and negotiate financing agreements, promissory notes, and security agreements to protect your interests. Partnership and Shareholder Agreements Setting clear expectations and terms in partnership or shareholder agreements is crucial for maintaining healthy business relationships and preventing disputes down the road. Licensing and Intellectual Property Transactions Businesses often need to protect their intellectual property through licensing agreements or other contracts. Attorneys help ensure that IP rights are adequately safeguarded and that licensing terms are beneficial. Joint Ventures and Strategic Alliances If you’re collaborating with another business, it’s essential to structure joint ventures or strategic alliances correctly. A commercial transactions attorney can help outline the terms of the partnership, define each party’s roles, and establish mechanisms for resolving disputes. The Role of a Commercial Transactions Attorney in Texas The role of a commercial transactions attorney goes beyond drafting and negotiating contracts. They serve as trusted advisors, helping businesses navigate complex legal issues and avoid pitfalls that could hinder their operations. Some of the key roles they play include: Risk Mitigation One of the primary functions of a commercial transactions attorney is to identify potential risks associated with a transaction and implement strategies to mitigate them. This could include incorporating specific clauses into a contract, recommending insurance coverage, or advising against certain business practices. Compliance Businesses in Texas must comply with a variety of state and federal regulations. Whether you’re dealing with employment laws, industry-specific regulations, or consumer protection rules, an attorney ensures that your business practices and transactions are legally compliant. Dispute Resolution Even with the best planning, disputes can arise in business transactions. An experienced commercial transactions attorney can represent your interests in negotiations, mediation, arbitration, or litigation to resolve conflicts quickly and effectively. Business Strategy and Growth A commercial transactions attorney is not just a legal advisor—they are also a strategic partner. They provide guidance on structuring deals that align with your long-term business goals, whether that involves expansion, restructuring, or exploring new markets. Protection of Confidential Information In many business transactions, confidential information is shared between parties. An attorney ensures that non-disclosure agreements and other protective measures are in place to safeguard sensitive information. Why You Need a Commercial Transactions Attorney in Texas Given the complexities of commercial transactions and the potential for costly mistakes, having an experienced attorney on your side is invaluable. Here’s why: Tailored Legal Guidance A commercial transactions attorney provides tailored legal advice based on your business’s unique needs and goals. They can help you avoid generic contracts and boilerplate agreements that may not fully protect your interests. Efficient Negotiation Effective negotiation is key to securing favorable terms. An attorney can negotiate on your behalf to achieve the best possible outcomes, ensuring that you enter agreements from a position of strength. Avoiding Costly Mistakes Poorly drafted contracts or overlooked legal issues can lead to significant financial losses and legal liabilities. An experienced attorney can spot and address these issues before they become problems. Saving Time and Resources Handling complex transactions without legal expertise can be time-consuming and stressful. An attorney can streamline the process, allowing you to focus on running your business. How Manfred Sternberg & Associates Can Help At Manfred Sternberg & Associates, we understand that every business transaction carries the potential for both opportunity and risk. Our team of experienced commercial transactions attorneys in Texas is dedicated to helping clients navigate the legal complexities of business deals, from drafting and negotiating contracts to closing complex transactions. We work closely with you to understand your objectives and develop customized solutions that meet your needs. If you need assistance with a commercial transaction in Texas or have questions about your legal options, contact us today to schedule a consultation. Let us help you protect your business and achieve your goals with confidence.

Being involved in a motor vehicle accident can be a traumatic experience, leaving you feeling overwhelmed and unsure of what steps to take next. That's where having an experienced attorney like Manfred Sternberg & Associates on your side can make all the difference. With their expertise in handling motor vehicle accident cases, they can guide you through the legal process and fight for the compensation you deserve. Manfred Sternberg & Associates is a leading law firm in Texas, specializing in personal injury cases, including motor vehicle accidents. Their team of skilled attorneys understands the complexities of these cases and works tirelessly to protect the rights of their clients. Whether you were injured in a car, truck, motorcycle, or pedestrian accident, they have the knowledge and resources to help you navigate the legal system. One of the key benefits of working with Manfred Sternberg & Associates is their personalized approach to each case. They understand that every accident is unique, and they take the time to listen to your story and understand your specific needs. This allows them to tailor their legal strategy to best represent your interests and maximize your chances of success. In addition to their personalized approach, Manfred Sternberg & Associates also has a proven track record of success in handling motor vehicle accident cases. They have successfully recovered millions of dollars in compensation for their clients, helping them cover medical expenses, lost wages, pain and suffering, and more. Their dedication to achieving favorable outcomes for their clients sets them apart as one of the top law firms in Texas. When you work with Manfred Sternberg & Associates, you can trust that you are in good hands. Their team will handle all aspects of your case, from investigating the accident scene and gathering evidence to negotiating with insurance companies and representing you in court if necessary. They will keep you informed every step of the way and provide compassionate support during this difficult time. If you've been injured in a motor vehicle accident in Texas, don't hesitate to reach out to Attorney Manfred Sternberg & Associates for help. With their expertise, personalized approach, proven track record of success, and dedication to client satisfaction, they are well-equipped to handle your case effectively. Let them guide you through the legal process and fight for the compensation you deserve so that you can focus on healing and moving forward with your life.

Running a business involves navigating numerous challenges, and disputes are often inevitable. Whether it’s a contract disagreement, partnership conflict, or issues with regulatory compliance, business disputes can severely impact your operations and financial health. When such conflicts arise, having experienced legal representation is crucial. At Manfred Sternberg & Associates, PC, we specialize in business litigation in Texas, ensuring that your interests are protected and disputes are resolved efficiently. Here’s why hiring an attorney for business litigation is essential.  1. Expertise in Business Law Business litigation encompasses a wide range of legal issues, including contract disputes, intellectual property conflicts, employment disagreements, and more. An attorney specializing in business litigation has extensive knowledge of business law and can provide expert advice tailored to your specific situation. They can help you understand your legal rights and obligations, ensuring that you make informed decisions. 2. Strategic Dispute Resolution Not all business disputes need to end up in court. An experienced attorney can help you explore alternative dispute resolution methods such as negotiation, mediation, or arbitration. These methods can be quicker, less costly, and less adversarial than traditional litigation. An attorney can guide you through these processes, aiming to resolve the dispute in the most efficient and effective manner. 3. Protecting Your Interests In any business dispute, protecting your interests is paramount. An attorney can represent you in negotiations and court proceedings, advocating on your behalf to achieve the best possible outcome. They can help you draft strong legal arguments, present evidence, and challenge the opposing party’s claims, ensuring that your interests are protected throughout the litigation process. 4. Managing Complex Legal Procedures Business litigation involves complex legal procedures and strict deadlines. An attorney can manage all aspects of the litigation process, from filing legal documents and motions to representing you in court. This comprehensive case management ensures that all procedural requirements are met and reduces the risk of errors that could negatively impact your case. 5. Handling Contract Disputes Contracts are the foundation of many business relationships. When disputes arise over contract terms, performance, or breaches, an attorney can help you navigate these complexities. They can review and interpret contract language, identify breaches, and pursue remedies such as damages or specific performance. Effective legal representation can help you enforce your contract rights and achieve a favorable resolution. 6. Addressing Employment Issues Employment-related disputes, such as wrongful termination, discrimination claims, or wage disputes, can be particularly challenging. An attorney with expertise in employment law can help you address these issues, ensuring compliance with relevant laws and regulations. They can represent you in negotiations, administrative hearings, and court proceedings, protecting your interests and reputation. 7. Intellectual Property Protection Protecting your intellectual property (IP) is crucial for maintaining a competitive edge. If you face disputes over trademarks, copyrights, patents, or trade secrets, an attorney can help you enforce your IP rights and defend against infringement claims. They can provide strategic advice on IP management and represent you in IP litigation, safeguarding your valuable assets. Benefits of Hiring a Business Litigation Attorney Hiring a business litigation attorney offers several advantages: Expert Legal Knowledge: An attorney with experience in business litigation understands the intricacies of the law and can provide expert guidance tailored to your situation. Strategic Dispute Resolution: An attorney can help you explore alternative dispute resolution methods, aiming to resolve disputes efficiently and effectively. Effective Representation: An attorney can advocate on your behalf, protecting your interests and ensuring a favorable outcome. Comprehensive Case Management: An attorney can handle all aspects of the litigation process, ensuring that procedural requirements are met and reducing the risk of errors. Peace of Mind: Knowing that a professional is handling your legal matters allows you to focus on running your business, confident that your interests are protected. At Manfred Sternberg & Associates, PC, we are dedicated to providing exceptional legal representation for business litigation in Texas. Our team of experienced attorneys will work tirelessly to resolve your disputes and protect your business interests.