Tag Archive

liability

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Corporate Liability in the Age of Generative AI

By Donald W. Hudspeth | Published November 26, 2025 | Posted in Business Law | Tagged Tags: Artificial intelligence, contracts, liability | Leave a comment

Artificial intelligence can now create new content based on patterns it has learned from large datasets, generating original outputs that resemble human-created work. In the business context, can draft contracts, create ads and even recommend business strategies. But when generative AI gets it wrong, who pays the price? Generative AI is a powerful tool, but Read More

Benefits of a Limited Liability Partnership and How to Form One

By Donald W. Hudspeth | Published November 5, 2025 | Posted in Business Law | Tagged Tags: liability, llp, revenue | Leave a comment

A limited liability partnership LLP is a structure where each partner’s personal liability for the debts or obligations of the business is limited. Unlike in a general partnership, where partners can be held personally liable for the actions of other partners or business debts, an LLP shields individual partners from such exposure. LLPs are especially Read More

What Are the Essential Components of Service Contracts?

By Donald W. Hudspeth | Published October 29, 2025 | Posted in Contract Law | Tagged Tags: Intellectual Property, liability, service contracts | Leave a comment

Service contracts are vital in nearly every industry. They manage a business’s relationships with vendors, consultants, freelancers, marketing agencies, IT providers and other external providers. These contracts set expectations, reduce risk and provide for legal remedies if disputes arise. Unlike sales contracts, service contracts are generally not governed by the Uniform Commercial Code. The substance Read More

Liabilities That May Lurk in Poorly Drawn Asset Purchase Contracts

By Donald W. Hudspeth | Published September 24, 2025 | Posted in Business Acquisition | Tagged Tags: asset, business acquisition, liability | Leave a comment

In business mergers and acquisitions, particularly in the context of asset purchases, the general legal rule is that the buyer does not assume the seller’s existing liabilities. This principle is fundamental to asset sales, distinguishing them from mergers or stock purchases, where the buyer typically steps into the shoes of the seller, including all liabilities. Read More

What Foreign Companies Should Know About Doing Business in Arizona

By Donald W. Hudspeth | Published June 18, 2025 | Posted in Uncategorized | Tagged Tags: business, liability, tax | Leave a comment

Arizona is a welcoming venue for businesses, due to its lower corporate tax rates and comparative lack of restrictions. But like all states, Arizona has rules and procedures that pertain to foreign entities operating within its borders. Here’s what out-of-state companies need to know about registering and conducting business in Arizona. A company that is Read More

How to Make Your Contract’s Limitation of Liability Clause Enforceable

By Donald W. Hudspeth | Published March 19, 2025 | Posted in Contract Disputes | Tagged Tags: Clause Enforceable, contracts, liability | Leave a comment

When you’re drafting a business contract, one of the smartest tools at your disposal is a limitation of liability clause. This provision can help you cap your financial exposure by setting limits on your damages exposure in case things don’t go as planned. The ultimate goal is controlling risk and keeping potential losses predictable. These Read More

Should Your Arizona Startup Be an LLC or a Corporation?

By Donald W. Hudspeth | Published November 27, 2024 | Posted in Business Formation | Tagged Tags: liability, Pass-through taxation, small business | Leave a comment

When deciding on a business structure in Arizona, small business owners should compare the benefits of forming a limited liability company (LLC) versus starting a corporation. Both structures offer protection from personal liability, meaning the owners’ personal assets are generally shielded from business debts and lawsuits. However, there are key aspects that make an LLC 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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