This document was prepared by the staff of the Joint Committee on Taxation in consultation with the staffs of the House Committee on Ways and Means and the Senate Committee on Finance, describes the tax provisions of the Coronavirus Aid, Relief, and […]
The CARES Act provides that all Paycheck Protection Program (PPP) loans are eligible for forgiveness but not automatically forgiven. Instead, borrowers must apply for forgiveness with their lender, and the amount to be forgiven may be limited. Borrowers […]
As people, businesses, and markets scramble to navigate through the impact of COVID-19, nearly every state has issued emergency orders, detailing changes to court operations due to the COVID-19 outbreak. To date, the Texas Supreme Court, in conjunction […]
The Coronavirus Aid, Relief, and Economic Security Act ("CARES") empowered the Small Business Administration ("SBA") to guarantee some $349 billion low-interest, forgivable PPP loans. On the evening hours of April 2, 2020, the SBA […]
A1. The CARES Act (Act) Paycheck Protection Program (PPP) is part of a new Small Business Administration (SBA) lending program designed to provide small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be […]
The coronavirus is undoubtedly going to create contract disputes in ways that we cannot fully imagine. Parties will call their attorneys asking if they can send default letters or if they have defenses for missing contractual deadlines. Terms such as […]
According to the Small Business Administration’s (“SBA”) Office of Advocacy, small businesses create two-thirds of new jobs in the United States and are “the lifeblood of the U.S. economy.” And so it seems fitting that the […]
No matter how you feel about it, corporate sponsorship names on your favorite athletic venues are big business, and they are here to stay. What the casual sports fan does not consider are the terms, conditions, and requirements to be discussed when a […]
A force majeure clause is a contract provision that excuses both parties from liability or obligation when an event beyond the parties’ control prevents one or both parties from fulfilling contractual obligations. With the ongoing health […]
Traditionally, when analyzing if an insurer has a duty to defend, Texas law requires courts to apply the “eight-corners rule,” comparing the factual allegations in the four corners of the pleadings with the language within the four corners […]
Personal Jurisdiction allows a court to exercise power over a non-resident defendant. Without personal jurisdiction, a court could not hear a case filed against a non-resident defendant. Most lawyers equate personal jurisdiction with the phrase &ldquo […]
Defining WOTUS has been addressed in several US Supreme Court cases, most importantly Rapanos v. United States (2006). Justice Scalia wrote the plurality opinion stating that the CWA confers federal jurisdiction over non-navigable waters only if the […]