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Moayyad Law, PLLC

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Moayyad Law, PLLC

Moayyad Law is a boutique transactional law firm focusing on helping businesses grow.
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07/01/2024

As Independence Day approaches, I'm filled with gratitude for this land of opportunity. My grandparents immigrated here with a dream, and through their hard work at U-Frame-It, their frame shop and family business, they built a life for their kids and the generations that followed.

Their dedication provided a home for my father and his siblings, several college and medical school tuitions, and the chance to give back to their community and faith through donations to the Baha'i fund and other various charities.

On my desk, I have a small keepsake framed – a constant reminder of their dedication and sacrifice. It's a piece of U-Frame-It history, a reminder of the hard work that got us here. And of course, immense gratitude to my other grandparents as well, who made their own sacrifices in their own way to build our family's foundation.

The American Dream is alive and well, and I'm a living testament to it. Thank you, America, for the chance to pursue our dreams.

06/26/2024

Frustrated with Mediation? The Attorney Might Be the Problem!

Are you feeling stuck in mediation? It might be due to your attorney. Here are three common biases that can derail the mediation process:

1. Overconfidence Bias: Attorneys sometimes overestimate their ability to win, leading to unrealistic expectations and stubborn negotiation tactics.

2. False Consensus Bias: This occurs when attorneys assume their client’s views are widely shared, causing them to misjudge the opposing side’s perspective.

3. Fixed Pie Bias: Many attorneys treat mediation as a zero-sum game, believing that any gain for the other side is a loss for their client, hindering collaborative solutions.

As an experienced attorney, I understand the importance of recognizing and overcoming these biases. My approach ensures a more productive and amicable mediation process, leading to better outcomes for my clients.

Ready to move forward with your mediation? Let’s connect!

06/21/2024

Looking for a reliable and experienced attorney to handle your real estate closing? Look no further than Moayyad Law! We’re proud to announce that Moayyad Law is now a fee attorney for East Texas Title Companies/Free State National Title.

This means you can have your closing conveniently performed in our Southlake office, saving you time and hassle. Moayyad Law will ensure your closing goes smoothly and efficiently, so you can focus on the excitement of moving into your new home!

06/17/2024

Many universities have entered into lucrative agreements with major athletic brands like Adidas, Nike, and others, which stipulate that athletes must wear the brands' products during official activities.

For instance, the University of Nebraska has a substantial contract with Adidas, valued at millions of dollars annually, requiring all athletes to use Adidas gear during games and practices. This agreement is a significant revenue stream for the schools but poses limitations for the athletes.

The NIL era allows college athletes to earn money through endorsements, but these deals often clash with the apparel mandates from their schools' contracts.

A prominent example is Harper Murray, a volleyball star at the University of Nebraska, who has an endorsement deal with Avoli, a specialized volleyball shoe brand. Despite her partnership with Avoli, she is compelled to wear Adidas shoes during official team activities due to Nebraska's contract with Adidas. This restriction limited her NIL earning potential, as the most valuable exposure—her in-game performances—is monopolized by Adidas.

The requirement to wear school-sponsored brands can lead to issues with comfort, performance, and safety. Athletes like Texas's Reilly Heinrich and Virginia’s Ashley Le have had to find alternatives within their schools' sponsored brands that meet their performance needs, even if they do not perfectly align with their sport’s demands. Heinrich, for example, wears Nike basketball shoes instead of Nike volleyball shoes for better support. The inability to choose the most suitable footwear can compromise an athlete's performance and increase the risk of injury. Harper Murray’s preference for Avoli shoes highlights this concern, as she believes Avoli provides better support and comfort, crucial for her performance.

The intersection of school apparel contracts and NIL endorsements presents significant challenges for college athletes. While NIL deals have opened up new revenue opportunities, they are often constrained by the existing obligations athletes have to wear their school’s sponsored brand. As the NIL landscape evolves, finding a balance that benefits both athletes and their schools remains a pressing challenge.

06/13/2024

As of March 11, 2024, the U.S. Department of Labor (DOL) has implemented a new rule for classifying workers as employees or independent contractors under the Fair Labor Standards Act (FLSA). This rule replaces the 2021 guidelines and adopts a more nuanced approach to classification. Here’s what you need to know:

Overview of the New Rule
The new rule restores a six-factor analysis under the "economic realities test," which courts have historically used to evaluate worker status. Unlike the previous rule, which emphasized two main factors, the new rule applies all six factors equally without giving predetermined weight to any.

The Six-Factor Analysis
The economic realities test now considers the following factors to determine whether a worker is economically dependent on an employer (and thus an employee) or is operating as an independent business (and thus an independent contractor):

1. Opportunities for Profit or Loss: Examines whether the worker can earn a profit or incur a loss based on their managerial skills. This includes decisions on hiring helpers, purchasing materials, or managing schedules.

2. Investments by the Worker and Employer: Looks at the investments made by both parties. Workers who invest in their tools and resources are more likely to be seen as independent contractors.

3. Permanence of the Work Relationship: Considers the duration and continuity of the working relationship. Long-term, indefinite engagements suggest an employment relationship, whereas project-based or temporary work supports independent contractor status.

4. Nature and Degree of Control: Assesses the level of control the employer has over the worker, including how the work is performed and whether the worker sets their own schedule or can refuse work.

5. Extent to Which the Work is Integral to the Business: Evaluates how essential the worker's role is to the employer's core business. Work that is central to the business operations leans towards employee status.

6. Skill and Initiative Required: Analyzes the worker's level of skill and whether they use entrepreneurial initiative in their work. Highly skilled workers who bring their own business acumen and decisions are more likely to be independent contractors.

Additional Considerations
The rule also allows for other factors to be considered if they shed light on whether the worker is in business for themselves or economically dependent on the employer. This holistic approach ensures that all aspects of the working relationship are evaluated.

06/12/2024

As trusted advisors, we understand the paramount importance of cybersecurity in safeguarding client data. Here are some recommended strategies for enhancing cybersecurity within healthcare practices, ensuring compliance with regulations and protecting sensitive information.

1. Enhance Cybersecurity Systems
- Invest in advanced cybersecurity tools and software to protect against malware and viruses.
- Implement multi-factor authentication and train employees on how to use it for system access.

2. Adopt Secure Communication Channels
- Use encrypted platforms services for communicating or sharing patient information.
- Ensure telemedicine services are conducted over secure networks and compliant with your security standards.

3. Regular Staff Education
- Conduct regular training sessions on data privacy and security for all employees.
- Educate employees on how to identify and respond to cyber threats, such as phishing emails and other suspicious activities.

4. Perform Regular Audits
- Conduct security audits and risk assessments regularly to minimize vulnerabilities.
- Set up alerts to monitor access logs that check for unauthorized and other suspicious activity.

5. Collaborate with IT Professionals
- Schedule regular meetings with IT service provider to identify and resolve weak points.
- Ask IT teams to provide updates on new security tools, technologies and practices.

6. Implement Data Management Protocols
- Ensure patient information is encrypted both when stored as well as when being transferred.
- Have your attorney draft policies that outline and enforce strict data retention and disposal policies.

7. Stay Compliant with Regulations
- Schedule an annual review with your attorney to go over any changes in healthcare privacy laws, such as HIPAA.
- Continuously review and update privacy policies and procedures.

05/23/2024

This quote reminds me that true impact doesn't come from shouting the loudest.

Words are powerful, but actions speak even louder. Focus on actions that demonstrate your values. Let your deeds be your reputation.

05/16/2024

There's a powerful story about a young Pelé being scolded by his father for showing off his talent. The lesson? Hard work is essential, but so is humility.

At Moayyad Law, we strive for excellence, but we never forget the importance of:

1. Dedication: We put in the hard work to achieve the best results for our clients.

2. Respect: We treat everyone with fairness and respect, regardless of background.

3. Gratitude: We're thankful for the opportunity to serve our community.

Just like Pelé, true success comes from a combination of talent, dedication, and a grounded attitude.

05/15/2024

Jurgen Klopp's Liverpool chapter will close this Sunday, but his leadership wisdom remains a goldmine. Here just a few Klopp gems that resonated on for me personally as well as professionally:

"We are all much more than what we can do on a football pitch."

- In business, it's about the people, not just the numbers. Strong relationships and a positive team fuel long-term success.

"True leaders must always be servants first."

- Servant leadership is key. Empower your team, create an environment where they flourish, and focus on their growth alongside the company's.

"It's not so important what people think when you come in. It's much more important what people feel when you leave."

- Lasting impact matters. Focus on fostering a positive, supportive work environment.

"There's some work to do. If we all stay healthy, if we all stay committed, if we all keep believing, if we all keep dreaming, then I think we have a chance. And that's OK because you never have more than a chance."

- Belief and perseverance are crucial. Set goals, acknowledge challenges, and keep pushing forward together.

"The only reason for a defeat is to learn from it. If you learn from it, it's just a result. If you don't learn from it, it's a disaster."

- Embrace setbacks as learning opportunities. Analyze, adapt, and emerge stronger.

"If you want special results, you have to feel special things and do special things together."

- Cultivate a team spirit that thrives on collaboration and shared goals.

Klopp's leadership extends beyond trophies. It's about building a team that believes, grows together, and achieves extraordinary things.

05/08/2024

Do you struggle to motivate your team? Great leaders adapt their approach to the situation. This article explores 6 leadership styles you can use to be more effective:

1. Authoritative Leadership:
- Often considered the most effective overall.
- Creates a clear vision and inspires teams to achieve it.
-Sets high standards but allows autonomy for team members.
- Provides regular feedback and recognition.

2. Coaching Leadership:
- Focuses on developing individual team members.
- Sets goals and provides ongoing support and feedback.
- Helps employees identify strengths and weaknesses.
- Encourages continuous learning and growth.

3. Affiliative Leadership:
- Builds strong relationships and fosters a positive work environment.
- Values collaboration and teamwork.
- Creates a sense of belonging and mutual support.
- Encourages open communication and idea sharing.

4. Democratic Leadership:
- Involves team members in decision-making processes.
- Values input and diverse perspectives.
- Encourages participation and ownership of projects.
- Works best when there's a clear goal but multiple solutions.

5. Pacesetting Leadership:
- Sets high expectations and performance standards.
- Leads by example and works hard themself.
- Motivates team members to achieve excellence.
- Can be effective with highly skilled and self-motivated teams.

6. Coercive Leadership (Use sparingly):
- Relies on fear and intimidation to get things done.
- Gives orders without explanation and expects immediate compliance.
- Creates a stressful and negative work environment.
- Should only be used in emergencies or crisis situations.

05/06/2024

Are you involved in a construction or remodeling project? Then this post is for you! ️Many disagreements arise on construction projects, and a well-written contract is your first line of defense. Here are some key clauses to watch out for:

1. Dispute Resolution Forum: Where will disagreements be settled? In court or through arbitration? Knowing this upfront can save you time and money.

2. Insurance Requirements: Contracts often require specific insurance coverage. Make sure yours meets the project's needs to avoid headaches later.

3. Indemnity Provisions: These clauses determine who is financially responsible if something goes wrong. Read them carefully to understand your potential liability.

4. Prime Contract Provisions: The main contract between the owner and general contractor may affect your subcontract. Review both documents together.

By understanding these key provisions, you can:
- Set Clear Expectations: Know what's expected of you and the other party.

- Minimize Legal Exposure: Reduce the risk of lawsuits and financial burdens.

- Protect Yourself: A well-drafted contract helps avoid problems down the road.

For a successful project, a strong contract is essential. Don't go it alone! An attorney can help you understand your rights and obligations.

04/26/2024

In a significant move impacting employee mobility, the Federal Trade Commission (FTC) recently enacted a rule banning non-compete agreements for the vast majority of workers. This decision aims to promote competition and worker bargaining power by eliminating restrictions that often limit career options.

Here's a breakdown of the key points:

1. Broad Ban: The rule prohibits employers from entering into, enforcing, or even threatening to enforce non-compete agreements with most employees. This includes software developers, engineers, and a wide range of other professions.

2. Senior Executive Exception: A narrow exception exists for senior executives earning over $151,164 annually and holding policy-making positions. Existing non-compete agreements with them remain enforceable, but employers cannot create new ones.

3. Sale-of-Business Exception: The FTC preserves the non-compete allowance in the context of business acquisitions. Sellers can still agree to non-compete clauses to protect the buyer's interests.

4. Impact on Trade Secrets: The FTC emphasizes alternative strategies to safeguard confidential information. Robust non-disclosure agreements (NDAs) drafted within FTC guidelines and clear data security policies are crucial. The ruling highlights existing laws (UTSA, DTSA) offering remedies for trade secret misappropriation through lawsuits.

5. Employee Retention Strategies: Companies may experience increased employee movement. The FTC suggests mitigating this through fixed-term contracts for recouping training costs, fostering positive work environments with competitive compensation, and investing in continuous learning opportunities to enhance employee value within the company.

Key Considerations:
Legal Challenges Expected: The rule is likely to face legal challenges, potentially impacting its long-term standing.

Effective Date: The enforcement of the ban hinges on its publication in the Federal Register, with a 120-day waiting period before it takes effect.

State Law Nuances: Existing state non-compete laws that are stricter may still hold weight.

This FTC ruling marks a significant development in the landscape of employee mobility and non-compete agreements. Businesses will need to adapt their strategies for retaining talent and protecting confidential information, while workers gain greater freedom to leverage their skills across the job market.

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04/17/2024

At Moayyad Law, we understand that clear goals are essential for business success. But navigating legal complexities can feel overwhelming.

That's where we come in.

Moayyad Law is your boutique transactional law firm, specializing in:
- Commercial/Business Contracts
- Corporate Law
- Real Estate Transactions
- Outsourced General Counsel Services

We combine our legal expertise with a deep understanding of your business needs to create customized solutions that empower you to achieve your goals.

Here's what sets us apart:

1. Solid Foundation: We prioritize principles that ensure top-quality legal services built on a strong base.

2. Adaptability: We stay on top of the latest developments so you can navigate the ever-changing business landscape.

3. Strategic Collaboration: By blending legal knowledge with business acumen, we develop legal strategies that drive your success.

Don't let legal obstacles hold you back.

Contact Moayyad Law today and let's turn your business goals into reality!

04/16/2024

Are you facing challenges implementing your latest strategy? The problem might be deeper than just communication.

This Harvard Business Review article by Andrea Belk Olson explores the hidden psychological factors that can stall progress. The article argues that a focus on context is crucial.

While goals and objectives are important, leaders also need to consider the environment where the strategy will be implemented.

This includes:
- Company culture: Is your company hierarchical or more autonomous? A strategy requiring employee initiative might struggle in a rigid environment.

- Past experiences: Have previous strategies failed? Employees might be skeptical and resistant to change.

The article offers solutions to address these hidden roadblocks:

- Understand the environment: Analyze your existing policies, procedures, and culture to identify potential barriers.
- Acknowledge historical baggage: Openly discuss past failures and explain how the new strategy is different.

https://lnkd.in/gWPUyHEZ

03/15/2024

The 6% Commission is No More!? The National Association of Realtors (NAR) just reached a landmark settlement that could lead to a major shift in real estate transactions, specifically the potential lowering real estate commissions for buyers and sellers.

Previously, NAR established a standard commission rate (typically 5-6% of the sale price), split between the buyer's and seller's agents. The argument was that this standard commission rate (1) limited negotiations; and (2) potentially inflated costs for buyers and sellers.

After today's settlement, buyers and sellers can negotiate their commissions directly with their agents, which could lead to potential savings. Further, agents will need to clearly disclose their commission structure upfront.

While real estate agents play a critical role in property identification and communication facilitation, in this new environment, legal expertise is crucial for comprehensive protection.

Moayyad Law offers a comprehensive approach to ensure a smooth and secure real estate transaction, including:

1. Strategic partner in negotiations with you and your agent
2. Meticulous contract drafting of legal documents necessary for the transaction to protect your rights and interests.
3. As a fee attorney, I can also guide you through every step of the closing process to ensure a stress-free transaction.

Tell your real estate agent you've chosen Moayyad Law to represent you in your next real estate transaction.

03/01/2024

"Doubt is a killer."

As a Liverpool fan and the managing attorney at Moayyad Law, I deeply connect with Klopp's leadership philosophies. Just like in football, success in law requires belief and unwavering determination.

At Moayyad Law, we believe in principles over methods. While the legal landscape evolves, our core values of integrity, dedication, and client focus remain constant. We adapt our strategies, but never our commitment to excellence.

02/16/2024

This Baha'i Quote reflects my approach at Moayyad Law. I believe in the enduring power of principles.

The metaphor of weather and business is ever-changing. Your venture requires "rain" to flourish. More literally, businesses require strategic guidance to navigate challenges and achieve their goals. My firm provides:

1. Solid legal foundation: My experience across contracts, corporate law, real estate transactions, and general counsel services ensures your business is on secure ground.

2. Adaptability to change: I do my best to stay ahead of the curve, tailoring strategies to your evolving needs and industry trends.

3. Client-centric solutions: Most importantly, I listen to understand your unique goals and deliver try to provide customized legal solutions that empower you to thrive.

Don't let challenges dampen your vision. Contact Moayyad Law today and let us help your business!

01/30/2024

Two successful real estate transactions in January? That’s just the beginning! We’re thrilled to have helped our clients navigate their way to closing smoothly and confidently.

Here at Moayyad Law, PLLC, we’re passionate about protecting your biggest investments. Whether you’re buying your dream home, making a wise investment, or selling for a new chapter, we’re here to guide you every step of the way.

Looking for expert legal representation and peace of mind in your next real estate transaction or closing? We’re ready to make 2024 YOUR year of success!

01/17/2024

Today, while cleaning up some old papers, I discovered the earliest scribbled plans of Moayyad Law. It was a blast from the past, a reminder that the entrepreneurial path is anything but straight.

Looking back at those early ideas, I realized something important: I used to chase a "perfect plan." But in business, there's no map with all the detours marked. The real value is in making progress, no matter how small.

Every client I've helped, every challenge I've overcome, added another pixel in the bigger picture of Moayyad Law's blurry ambition.

The daily grind of running a law firm can make it hard to see progress, but revisiting that old plan was a wake-up call. It wasn't just a list of tasks; it was a messy attempt to bring order to the leap of faith that starting a business is.

Since then, I've navigated unexpected roadblocks and embraced new opportunities. So, to all the aspiring entrepreneurs and established business leaders out there: dig up your old plans, rekindle your initial vision, and remember why you started your journey. Progress won't always be a smooth line, but every step you take, every obstacle you conquer, adds to your success story.

So go build something great, one step at a time.

12/27/2023

UPDATE FOR BUSINESS OWNERS:

Moayyad Law wishes to inform business owners of important new beneficial ownership reporting requirements under the Corporate Transparency Act that will impact their businesses starting on January 1, 2024.

The Financial Crimes Enforcement Network (FinCEN), a bureau of the Department of the Treasury, has implemented rules requiring LLCs, partnerships, S-corps, C-corps and even single-member entities to submit reports documenting the names and contact information of their beneficial owners and members.

Specifically, business owners and their entities will need to provide information such as their names, birthdates, addresses and a copy of an acceptable ID (such as a driver's license or passport) for all individuals who directly or indirectly own 25% or more of your company's equity interests. Any changes to the details or status of your members must also be reported to FinCEN within 30 days.

For existing companies, the initial reporting deadline is January 1, 2025. However, if a business owner establishes any new entities after January 1, 2024, they must submit the report on beneficial ownership information within 30 days. Failure to comply can result in substantial civil and criminal penalties, including fines and possible jail time, so this is an important obligation to meet.

Moayyad Law will be available to assist with understanding these new requirements and completing the necessary FinCEN filings. The FinCEN website also contains additional guidance on compliance at: https://www.fincen.gov/boi

11/30/2023

Embarking on the journey of entrepreneurship? Use Arthur Ashe's advice is your compass!

Begin with your current resources, leverage what you have at your disposal, and take actions within your reach. The days will be long, but the years are short. Having said that, one element that can be a potential game-changer for your growth is collaborating with a business lawyer. This is because a business lawyer can:

1. Help you navigate regulations, contracts, and compliance, ensuring your business stands tall.

2. Anticipate and address potential pitfalls, safeguarding your dream.

3. Provide strategic counsel and advice to guide you through critical choices and helping you avoid common pitfalls.

Remember, growth isn't just about climbing higher; it's about building stronger roots.

10/18/2023

In the world of mergers and acquisitions, the road to a successful deal can be complex, full of negotiations and delicate maneuvers.

In the early stages of this path, there are three important documents described below. Although these documents can sometimes be consolidated, it can be helpful to keep them separate for clarity and precision.

Term Sheets: A Term Sheet serves as the blueprint for the proposed M&A deal. It is a high-level summary of the key terms and conditions that the parties have agreed upon. Think of it as the initial handshake before the formal contract. The importance of Term Sheets lies in their ability to:

- Set the Framework: Term Sheets establish the basic structure of the deal, including purchase price, payment terms, and any critical milestones.
- Save Time and Resources: By outlining the fundamental terms upfront, parties can quickly identify any major deal-breakers, which can save valuable time and resources in the long run.
- Reduce Misunderstandings: Having a well-drafted Term Sheet helps ensure that both parties are on the same page and reduces the risk of misunderstandings or disputes later in the process.

Non-Disclosure Agreements (NDAs): NDAs ensure the parties involved in the M&A deal keep certain information private and confidential during and after the M&A deal. The significance of NDAs is evident in their capacity to:

- Protect Sensitive Information: They safeguard proprietary and confidential information from falling into the wrong hands, which can be especially critical when competitors are involved.
- Build Trust: NDAs foster trust between parties by assuring that sensitive data will be handled with the utmost care, which is essential for effective due diligence.
- Legal Recourse: In the unfortunate event of a breach, NDAs provide a legal basis for seeking damages and protecting the disclosing party's rights.

"No-Shop" Agreements: "No-Shop" Agreements grant one party the exclusive right to negotiate and finalize an M&A deal with the other party. The importance of "No-Shop" Agreements becomes evident when you consider their role in:

- Creating Exclusivity: These agreements lock in the parties and prevent the target company from shopping the deal around to other potential buyers.
- Negotiation Leverage: They provide the buyer with added leverage by ensuring that the seller won't suddenly entertain competing offers.
- Streamlining the Process: By reducing the risk of interference, "No-Shop" Agreements streamline the negotiation and due diligence process, making it more efficient.

Address

180 S. White Chapel Boulevard, Suite 100 Southlake
Dallas, TX
76092

Opening Hours

Monday	8:30am - 5:30pm
Tuesday	8:30am - 5:30pm
Wednesday	8:30am - 5:30pm
Thursday	8:30am - 5:30pm
Friday	8:30am - 5:30pm

Telephone

+14695731578

Website

https://linktr.ee/moayyadlaw

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Student-athletes need a successful brand strategy if they want to maximize profiting from their their Name, Image and Likeness (NIL). In my opinion, the four foundational pieces of a well-rounded strategy are: Athletic Excellence: A student-athlete's performance on the field/court is the cost of admission. People tune in to watch you compete. The better you play, the more people notice and will follow you and the brands you endorse. Strong Academics: Brands are not looking for someone who talks the talk, they want student-athletes who recognize the value of a good education. This improves both the brand and the student-athlete's image to the general public. The more cross-over appeal a student-athlete brings, the bigger the NIL opportunities that will be offered to them. Engaging Personality: In the social media age, engaging with your fans and followers is more than making appearances or speaking engagements. A student-athlete should like and respond to comments and demonstrate that they are relatable to their followers. This creates a stronger bond to the athlete, and the NIL partnerships. Authentic Content: This applies mostly to the social media component of the strategy. A student-athlete must be mindful to mix personal and sponsored posts. Consumers recognize if the athlete is "only" looking to monetize their brand and may lead some of the followers to disengage. A successful NIL brand strategy may seem simple, but it is not easy. It requires a great deal of hard work, but when done correctly, it can lead to life-changing financial opportunities for student-athletes. #TexasNIL #nameimageandlikeness #NIL #TexasBasketball #nameimage #nameimagelikeness_official #nameimageandlikeness #nameimagelikenessexpert #TexasFootball #tcuathletics #collegesports #collegefootball #collegebasketball #ncaafootball #ncaabasketball #smusports #hookem #collegerecruiting #smumustangs #tcuhornedfrogs #smuathletics #nilexpert #nameimagelikeness #nameimagelikenessexpert #nilathl

1. How do NIL opportunities work? According to Texas Education Code Section (TEC) 51.9246 (c)(1)(A), all schools in Texas with NCAA collegiate athletics cannot adopt or enforce a policy, requirement, standard, or limitation that prohibits or otherwise prevents a student-athlete from profiting off their NIL to promote a product or service. However, the NIL opportunity cannot be conditioned or offered in exchange for athletic performance or enrollment at a particular university. 2. Is the student-athlete required to disclose NIL opportunities to their university? Yes, TEC 51.9246 (g)(1) states that a student-athlete must disclose the opportunity before entering the contract “in the manner prescribed by the institution.” Meaning the parties must learn and comply with different policies for each institution in Texas. 3. What are typical NIL opportunities? - A business can pay a student-athlete to use their NIL for promoting a product or service. - A student-athlete may use their own NIL to promote their own business or a business that employs the student-athlete. - The student-athlete can receive compensation to sign autographs or appear at business/corporate/private events. - A student-athlete may hire an agent to assist with NIL opportunities, provided the student-athlete’s agreement is in writing and states that the agent’s scope of work is limited to NIL activities and not for sports-related representation. However, a student-athlete may not be compensated for autographs or photos while engaged in official team activities as it conflicts with TEC 51.9246 (g)(4). 4. Are there any prohibited NIL activities? Yes, TEC 51.9246 (g)(2)(B)(iv) lists prohibited NIL opportunities as those related to: - Alcohol, tobacco, e-cigarettes, or any other type of nicotine delivery device; - Anabolic steroids; - Casino gambling or sports wagering; - A firearm you cannot legally purchase; or - A sexually oriented business as defined in Section 243.002, Local Governme

Professional sports agents might be the first thing that come to mind when one thinks of the intersection of law and sports. However, sports contracts vary a great deal, both in the professional and amateur arena. Recently, changes in Texas law have opened new financial opportunities for student-athletes to profit from their Name, Image and Likeness (NIL). With the passage of Senate Bill 1385, Texas NCAA student-athletes will be able to earn compensation for the use of their NIL as of July 1, 2021. This means student-athletes can now be paid for endorsements, sponsorships, appearances, autographs, memorabilia, podcasts, camps, clinics, private lessons, crowdfunding, etc. While application of this law is still developing, an attorney may end up representing student-athletes as they begin to receive offers. #TexasNIL #nameimageandlikeness #NIL #TexasBasketball #nameimage #nameimagelikeness_official #nameimageandlikeness #nameimagelikenessexpert #TexasFootball #tcuathletics #collegesports #collegefootball #collegebasketball #ncaafootball #ncaabasketball #smusports #hookem #collegerecruiting #smumustangs #tcuhornedfrogs #smuathletics #nilexpert #nameimagelikeness #nameimagelikenessexpert

Hiring a attorney is a very important decision that requires a great deal of thought and consideration. Some factors to consider when hiring are: Relationship with Counsel If a client need a lawyer with expertise in a specific matter or practice area, a short-term engagement should be enough. But, if a client wants a lawyer who will learn and understand your business goals, a longterm partnership would work better. Experience and Budget An attorney with experience may come with an expensive hourly rate. Thus, it is critical to identify the legal matter. For example, is it a simple one-page contract amendment? Or, it is a large and complex lawsuit in a niche legal area? Location and Presence Locally A local attorney should have an understanding of regions customs and court rules. Also, a client would benefit from having easier access to the attorney as they would not have to travel long distances for in-person meetings. Style of Communication All clients should want an attorney who is proactively communicating explaining the legal issues and strategies. This will give the client trust and confidence that the legal matter will be handled in a thoughtful and capable way. #dallasinnovation #dallasbusiness #dallasstartups #texasbusiness #texasstartup #dallassmallbusiness #texassmallbusiness #dfwbusiness #dfwsmallbusiness #dallasleadership #texasleadership #dallaslawyers #texaslawyers #texaslawyer #dfwlawyer #dfwattorney #dallasattorney #businesslaw #businesslawyers #businesslawyer #businessattorney #dallasbusinesstips #dfwbusinesstips #texasbusinesstips #smallbiztips #smallbizowner #smallbusinesstips #smallbusinessadvice

Everything you hope you achieve in your business starts with your reputation. I am reminded of this quote by the Dwight L. Moody: “If I take care of my character, my reputation will take care of me.” Stick to your principles and let your reputation do the work. Customers will work with you, buy from you, and invest in you based on it. And reputation is shaped by your character and your trustworthiness. I once heard the formula for trust is consistency multiplied by time. Thinking about it from that perspective, it becomes clear that everything we do or say in life, regardless of our occupation or goals, directly contributes to people’s perception of us: who we are as a person and as a leader. #dallasinnovation #dallasbusinesstips #fortworthbusiness #southlakebusiness #dallasstartups #texasbusinessowner #texasstartup #dallassmallbusiness #fortworthsmallbusiness #texassmallbusiness #texasinnovation #dfwbusinesstips #dfwsmallbusiness #DallasLeadership #dallaslawyers #TexasLawyers #texaslawyer #dfwlawyer #dfwattorney #dallasattorney #texasattorney #customercentric #CustomerCentricity #customersatisfaction #customerservice #startupbusiness #customerexperience

When company founders or investors think about structuring early-stage investment, they should evaluate the pros and cons of the different financing instruments, most commonly convertible notes or purchasing stock/equity. A convertible note is a debt security issued by a company (commonly a startup) to raise capital from investors. These investors generally expect the "note to convert" into equity in the future instead of receiving the return of their investment plus interest. On the other hand, when purchasing stock or equity, the investor receives ownership interest in the company in exchange for their investment at the time they make it. No matter which route is taken, companies will have to undergo a valuation at some point in time so it is important to have legal and financial advisors to ensure proper handling. #dallasbusiness #dfwbusiness #texasbusiness #dfwstartups #dallasstartupweek #texasstartup #texasstartups #smallbusinesstips #smallbusinessadvice #smallbiztips #smallbizowner #nillawyer #startuplawyer #startuptips #startuphelp #outsidegeneralcounsel #outsidegc #outsourcedgeneralcounsel #outsourcedgc

One of my favorite lessons from law school was the Parable of the Orange. It is the perfect illustration of the importance of asking the deeper questions to get to the root of what someone is really looking for. It perfectly illustrates the pitfalls of position-based bargaining compared to the benefits of interest-based negotiations. In the parable, it becomes clear that when the interests are the focus of a negotiation, the best outcome was achieved. Traditionally, parties negotiate from positions, which tend to have limited and unsatisfactory settlements. This is because negotiating from a fixed position can be adversarial and shallow. It is a zero-sum exercise focused on taking from the negotiations rather than seeking to add or create value. Additionally, it ignores two essential ingredients to a successful negotiation, communication and trust. When appropriate, good negotiators shift the paradigm from position-based bargaining to more of an examination into underlying interests of the parties. When parties consult with an interest-based mindset, it creates a more cooperative and collaborative problem-solving environment. This leads to a better chance at an acceptable conclusion for both parties. By putting the interests at the center and allowing the parties to contribute to a solution, it is more likely that the parties leave happy and the business relationships remain intact. #TXmediation #mediationskills #collaborativelaw #collaborationiskey #collaborativeleadership #dallasrealestate #smallbiztips #negotiationskills #dallasmediation #negotiationtips #texasmediation #txlawyer #texasADR #alternativedisputeresolution #DallasADR #DFWADR #dallassmallbusiness #texassmallbusiness #civilcollaborativelaw #texasentrepreneur #dallaslawyers #texasbusiness #dallasbusiness #dfwbusiness #southlakelawyers #southlakelawyers #dfwmediation #dallasmediator #southlakemediation

A good neutral must remember two important considerations: 1. Ignoring the conflict does not mean it does not exist or it will go away. It is better to be invest the time in isolating and clarifying the issue. 2. Separate the people from the problem. It is only then that the parties will tackle the issue and not each other. The personal emotions are distinguished from the goal of resolving the actual root cause of the issue. #mediation #mediationskills #collaborativelaw #collaborationiskey #collaborationsolutions #arbitration #negotiations #negotiationskills #dallasmediation #dallasarbitration #texasmediation #texasarbitration #texasADR #alternativedisputeresolution #DallasADR #DFWADR #problemsolving #workingtogether #civilcollaborativelaw #disputeresolution #disputesettlement #texasbusiness #dallasbusiness #dfwbusiness #southlakelawyers #leadershipgoals #dfwmediation #dallasmediator #southlakemediation #mediationdfw

I cannot stress this enough, to be a good leader you must learn to communicate, communicate, communicate. #dallasbusiness #fortworthbusiness #southlakebusiness #dallasstartups #texasbusiness #texasstartup #dallassmallbusiness #fortworthsmallbusiness #texassmallbusiness #dfwmediator #dfwbusiness #dfwsmallbusiness #texasmediation #dallaslawyers #texaslawyers #dfwlawyer #dfwattorney #dallasattorney #texasattorney #dallasbusinessattorney #businesslaw #businesslawyers #businesslawyer #businessattorney #dallasbusinesstips #dfwbusinesstips #smallbiztips #smallbizowner #smallbusinesstips #smallbusinessadvice

The NCAA Transfer Portal officially opened and currently there are exactly 3,567 student-athletes in it. Of these, 64 of them are quarterbacks with a combined 2565 starts between them. The Transfer Portal has given student-athletes greater flexibility to showcase their talent better than ever before. With this comes increased risks because there are only so many scholarships available and so many schools that these players can help fill a need for. Players transfer schools for many reasons, but if capitalizing on NIL is one of them, it is best to remember the four pillars for a successful NIL brand strategy that will help a student-athlete make the most of their opportunities: 1. Athletic Excellence 2. Strong Academics 3. Engaging Personality 4. Authentic Content #TexasNIL #nameimageandlikeness #NIL #TexasBasketball #nameimage #nameimagelikeness_official #nameimageandlikeness #nameimagelikenessexpert #TexasFootball #tcuathletics #collegesports #collegefootball #collegebasketball #ncaafootball #ncaabasketball #smusports #hookem #collegerecruiting #smumustangs #tcuhornedfrogs #smuathletics #nilexpert #nameimagelikeness #nameimagelikenessexpert #nilathlete #nilathletes #NILforathletes #nameimagelikenesspodcast #nameimageandlikenessathlete #nameimagelikenessrights

The "Perfect Contract" does not exist. This is because at its core, a good contract must be built on the foundation of honesty and trustworthiness. Trust will further a good relationship between the parties, increase the chances that they will do business with you again in the future and encourage others to do business with you as well. #dallasbusiness #fortworthbusiness #sportslawyer #dallasstartups #texasbusiness #texasstartup #dallassmallbusiness #fortworthsmallbusiness #texassmallbusiness #NILlawyer #dfwbusiness #dfwsmallbusiness #nameimagelikeness #dallaslawyer #texaslawyer #dfwlawyer #dfwattorney #dallasattorney #texasattorney #dallasbusinessattorney #nameimageandlikenessexpert #nil

Christy Bowie was kind enough to have me on her podcast to talk about the intersection of law and business as well as the emerging area of NIL laws. Here is a clip from the episode! #dallasbusiness #fortworthbusiness #southlakebusiness #dallasstartups #texasbusiness #texasstartup #dallassmallbusiness #fortworthsmallbusiness #texassmallbusiness #dfwmediator #dfwbusiness #dfwsmallbusiness #texasmediation #dallaslawyers #texaslawyers #dfwlawyer #dfwattorney #dallasattorney #texasattorney #dallasbusinessattorney #businesslaw #businesslawyers #businesslawyer #businessattorney #dallasbusinesstips #dfwbusinesstips #smallbiztips #smallbizowner #smallbusinesstips #smallbusinessadvice