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Why Every Closely Held Company Needs a Buy-Sell Agreement

By | Published May 29, 2024 | Posted in Business Law | Tagged Tags: , , | 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

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Common Issues Arising Under Construction Contracts

By | Published May 22, 2024 | Posted in construction law | Tagged Tags: , , | Leave a comment

Construction projects are intricate undertakings, and even the most meticulous plans can encounter unforeseen issues. These challenges often surface in the form of disputes arising from the contract itself. Here are some common sticking points and methods for dealing with them. One frequent source of contention stemming from construction contracts is whether the work was Read More

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The Cornerstone of an LLC — a Strong Operating Agreement

By | Published May 15, 2024 | Posted in Business Law | Tagged Tags: , , , | 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

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Finding the Right Legal Partner for Your Small Business

By | Published May 8, 2024 | Posted in Business Law | Tagged Tags: , , , | 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

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Why Your Company Needs a Comprehensive IP Strategy Plan

By | Published May 1, 2024 | Posted in Business Law | Tagged Tags: , , | 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

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Essential Elements of a Strong Partnership Agreement

By | Published April 24, 2024 | Posted in Business Law | Tagged Tags: , , , | 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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Restrictive Covenants in Arizona Employment

By | Published April 17, 2024 | Posted in Business Law, Publications | Tagged Tags: , , | Leave a comment

In today’s information-driven business environment, Arizona employers often rely on restrictive covenants to protect their confidential information and customer relationships. These agreements limit employees’ ability to compete with the employer after the term of employment ends. However, Arizona law takes a balanced approach when it comes to enforceability of such agreements, recognizing both the employer’s Read More

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Succession Planning for Small Businesses

By | Published April 10, 2024 | Posted in Business Law | Tagged Tags: , , | Leave a comment

For many small business owners, their venture isn’t just a source of income. It’s a culmination of years of hard work that embodies their vision. Ensuring its smooth continuation after their exit requires a strategy known as succession planning. Simply put, a succession plan outlines the process of transferring ownership and leadership of a business Read More

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Common Causes of Commercial Litigation

By | Published April 3, 2024 | Posted in Business Law, Litigation | Tagged Tags: , , | Leave a comment

The world of commerce, while driven by collaboration, has more than its fair share of disputes. Businesses often find themselves embroiled in legal battles with other enterprises. Understanding the common reasons for these lawsuits can help keep them from arising.  Here’s a breakdown of some of the most frequent causes of commercial litigation: Breach of Read More

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Drafting an Effective Non-Compete Agreement

By | Published March 27, 2024 | Posted in Business Law | Tagged Tags: , , | Leave a comment

Non-compete agreements can be valuable tools for businesses to protect their confidential information and customer relationships. These agreements may be required as a condition of employment. However, if a non-compete is challenged after an employee leaves a company, enforceability may hinge on how carefully the agreement was constructed.  The most important aspect of a non-compete 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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