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Looper Reed & McGraw, P.C.

Pay-If-Paid Clauses: A Powerful Shield From Payment

Subcontracts typically contain either a pay-when-paid clause or a pay-if-paid (i.e., contingent payment) clause. A pay-when-paid clause only deals with the timing of the obligation to pay the subcontractor…more

| Commercial Law & Contracts, Construction Law

Governor Signs New Trade Secrets Law

On May 2, 2013, Governor Perry signed the Texas Uniform Trade Secrets Act into law. So, let’s cut right to it…more

| Civil Remedies, Labor & Employment Law, Intellectual Property

Update On The NLRB Poster Litigation

As Business Week reports this week, the US Court of Appeals for the District of Columbia struck down the poster requirement created by the National Labor Relations Board…more

| Civil Procedure, Constitutional Law, Labor & Employment Law

How Much Water Does Fracking Shale Gas Consume, And Where?

Jesse Jenkins of the Energy Collective ponders the question. He reports as follows: According to the US Energy Information Administration 27,000 new gas wells were completed in the U.S. in 2011, many of which were horizontal…more

| Energy & Utilities, Environmental Law

A Look At Two Approaches To Oil And Gas Regulation

This is a tale of two regulatory schemes. First, there is the federal way, and I’m not making this up. First, there is the federal way, and I’m not making this up: In my last post we learned that if the BLM, when…more

| Energy & Utilities, Environmental Law, Zoning, Planning & Land Use,...

At-Will Employment

What does “at-will” employment mean: You might be inclined to think that it means that employees serve at the will of the master, or at the master’s pleasure. While this historically makes sense, “at-will” employment is…more

| Civil Rights, Commercial Law & Contracts, Labor & Employment Law,...

Basics Of Stock Redemptions

Closely held corporations often have issues come up about succession planning and also about how to structure transactions in the most tax advantageous way possible. Corporate redemption of a shareholders stock is always…more

| Business Organizations, Securities Law, Taxation

Fracking Stymied On Federal Lands In California

In an opinion with as many acronyms as the Dallas Cowboys have draft-pick detractors, a California federal court in Center For Biological Diversity v. Bureau of Land Management, held that the BLM violated the National…more

| Energy & Utilities, Environmental Law, Zoning, Planning & Land Use

Pennsylvania Supreme Court Confirms The Dunham Rule

If it ain’t broke, don’t fix it. Or, as said by the Pennsylvania Supreme Court, “A rule of property long acquiesced in should not be overthrown except for compelling reasons of public policy or the imperative demands of…more

| Civil Procedure, Commercial Law & Contracts, Energy & Utilities, Real...

Guide To Deducting Meals And Entertainment Expenses

The Internal Revenue Code provides the ability to take business deductions for meals and entertainment. You can take out a client to a restaurant or to a baseball game and deduct a portion of the expense…more

| Commercial Law & Contracts, Finance & Banking, Taxation

The Top 7 Things To Consider Before Buying A Restaurant

There are so many things to consider when buying a restaurant that we decided to break that list down to just seven issues. If you only look at these issues, you should avoid most of the big hazards when you buy your next…more

| Commercial Law & Contracts

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