Jimmy Frank Chester's Answers

Service marks and trademark infringement lawsuits

While I do not disagree with the other answer, I wish to provide some additional points to consider. One is the cost of litigation - you can go broke being "right." That said, if you have a strong case, you shouldn't feel intimidated merely because the opponent is a large company. I agree that the key will be the word in particular that you are allegedly infringing - as well any overlap between the respective markets served be each company. Also, since this other company is a "major...

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What kind of paperwork is needed in naming someone an officer of a Texas Corporation?

While there are any number of variables and special circumstances that can change my response, I'll address the "typical" situation: Officers (such as a "treasurer") in a corporation are generally elected/appointed by the "Board" (i.e., the company's directors). To appoint you as treasurer, the directors either need call a formal director meeting and hold a vote (and jot down minutes of the meeting for the company records), or - assuming the company's governing documents allow it -...

Purchase of a inc.

While all transactions are unique, below are some typical steps for a self of single-lender financing: 1. Have parties sign a non-disclosure agreement. 2. Enter into negotiations 3. Execute a non-binding letter of intent (or term sheet) outlining the key terms - the agreement should only be binding with regards to confidentiality and exclusivity of negotiations for a given amount of time. 4. Conduct due diligence - this involves obtaining information about the company financials,...