Category Archive

Business Law

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The Benefits and Limits of Domestic Asset Protection Trusts

Name: Law Offices of Donald W. Hudspeth P.C.
Address: 3200 North Central AvenueSuite 2500, Phoenix, AZ, 85012
Telephone: (602) 265-7997
Price range: Call for Consultation

By Donald W. Hudspeth | Published July 3, 2024 | Posted in Business Law | Tagged Tags: Asset Protection, Estate Planning, estate taxes, fraudulent | Leave a comment

Domestic asset protection trusts (DAPTs) are sophisticated legal tools designed to protect an individual’s assets from creditors and potential lawsuits while allowing the individual to retain some benefits of the assets. While traditionally, asset protection trusts were established offshore, DAPTs offer a domestic alternative with certain advantages and limitations. These are the principal purposes of Read More

How Businesses Can Make Effective Use of Strategic Partnerships

By Donald W. Hudspeth | Published June 26, 2024 | Posted in Business Law | Tagged Tags: Agreements, Governance Structure, Strategic Partnerships | Leave a comment

Strategic partnerships are alliances between businesses designed to achieve objectives that would be difficult or impossible to accomplish independently. These partnerships can take various forms, such as joint ventures, licensing agreements, or co-marketing arrangements. The value of strategic partnerships lies in leveraging each partner’s strengths to create a synergy that drives growth, innovation and competitive Read More

What Goes Into Due Diligence in a Business Purchase?

By Donald W. Hudspeth | Published June 19, 2024 | Posted in Business Law | Tagged Tags: Acquisitions, Due Diligence, Mergers, Tax Implications | Leave a comment

Conducting due diligence is a critical process in mergers and acquisitions (M&A). It consists of the buyer’s meticulous evaluation and analysis of a business or asset before signing a contract. The primary purpose of due diligence is to enable buyers to gain a clear understanding of the target company’s assets, liabilities, operations, financial performance and Read More

Implications of the FTC Ban on Noncompete Agreements

By Donald W. Hudspeth | Published June 12, 2024 | Posted in Business Law | Tagged Tags: Noncompete agreement, policy-making, Restrictive covenants | Leave a comment

A noncompete agreement is a contractual term between an employer and an employee that restricts the employee’s ability to work for a competing business or start a competing business within a certain geographic area and time frame after leaving the employer. In April 2024, the Federal Trade Commission (FTC) announced a final rule banning noncompete Read More

What is Tortious Interference and What Are its Consequences?

By Donald W. Hudspeth | Published June 5, 2024 | Posted in Business Law | Tagged Tags: aggrieved party, breached contract, business, business relationship, contract, Tortious Interference | Leave a comment

In the competitive world of business, unfair and disruptive tactics can sometimes come into play. Fortunately, there is a legal cause of action by which businesses can protect themselves from such conduct, allowing them to seek compensation for financial losses caused by what is known as tortious interference. Simply put, tortious interference is a civil Read More

Why Every Closely Held Company Needs a Buy-Sell Agreement

By Donald W. Hudspeth | Published May 29, 2024 | Posted in Business Law | Tagged Tags: business, Buy-Sell Agreement, Controlling ownership | Leave a comment

You and your partners have poured years of blood, sweat, and tears into building your closely held business. It’s thriving, and the future looks bright. But what happens if one of you decides to leave, becomes disabled, or passes away unexpectedly? Without a plan in place, this unforeseen event could throw your business into disarray. Read More

The Cornerstone of an LLC — a Strong Operating Agreement

By Donald W. Hudspeth | Published May 15, 2024 | Posted in Business Law | Tagged Tags: business organization, LLC, Operating Agreement, partnership | Leave a comment

A limited liability company (LLC) is a highly advantageous form of business organization. Like a partnership, members join forces to achieve a common goal. But unlike a traditional partnership, LLC members benefit from a shield — they’re generally protected from personal liability for the company’s debts. The key to a smoothly functioning LLC lies in Read More

Finding the Right Legal Partner for Your Small Business

By Donald W. Hudspeth | Published May 8, 2024 | Posted in Business Law | Tagged Tags: billing structure, Employment issues, Intellectual Property, small business | Leave a comment

Running a small business is an exciting endeavor, but it also comes with its fair share of challenges. One critical aspect that can often be overlooked is the importance of legal counsel. While legal fees may seem like an unnecessary expense, having an attorney on your side can prevent costly mistakes and navigate complex situations Read More

Why Your Company Needs a Comprehensive IP Strategy Plan

By Donald W. Hudspeth | Published May 1, 2024 | Posted in Business Law | Tagged Tags: business growth, marketing opportunities, Protection strategy | Leave a comment

In today’s information-driven economy, innovation is the lifeblood of success. Companies invest heavily in research and development, creating unique products, processes, and ideas. But innovation alone isn’t enough. Without a strong defense, these valuable assets are vulnerable to imitation and exploitation. This is where a comprehensive intellectual property strategy plan comes in. It is a Read More

Essential Elements of a Strong Partnership Agreement

By Donald W. Hudspeth | Published April 24, 2024 | Posted in Business Law | Tagged Tags: business partnership, Mediation, Mutual agreement, workable partnership | Leave a comment

A successful business partnership thrives on clear communication, shared goals, and a well-defined framework for collaboration. A strong and workable partnership agreement acts as the cornerstone of this framework, outlining rights, responsibilities, and contingencies for various situations that may arise. The following are elements that should be included in most every partnership agreement: Contributions and Read More

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Donald W. Hudspeth

Principal Attorney

Attorney Donald W. Hudspeth has more than twenty years’ experience practicing corporate and business law. Before attending law school, Mr. Hudspeth held a stock brokers license at the age of 21 and owned his own business at the age of 23. He was a business law professor at Arizona State University, West Campus, and has conducted classes and seminars for a number of higher institutions and organizations. Mr. Hudspeth has published two books on law and is the founder of the radio programs Law on the Edge and Law Talk.

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Mark S. Hamilton

Attorney

About Attorney Mark S. Hamilton has experience handling all aspects of civil and commercial litigation in federal, state, and tribal courts at the trial and appellate levels. Practice Areas Business litigation Commercial litigation Education University Of Hawaii Wm. S. Richardson School Of Law, Juris Doctor - 2002 University Of Hawaii, Master Of Arts in Asian…

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Our firm now offers a scholarship program for ASU first and second year law students.

The scholarship is awarded to students for academic merit with an interest in business and business law. Candidates may have majored in fields other than business, have taken a break between college and law school, or have had exceptional life experiences.

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