Dallas Hospitality Lawyers

Partnership disputes in hotels, restaurants, and venues most often involve profit distribution, managerial authority, capital-call obligations, and future expansion plans. A well-drafted operating or partnership agreement prevents many conflicts, and mediation or litigation can enforce those terms when disputes occur.

A hospitality business is usually valued through a mix of EBITDA multiples, real-estate appraisals, and asset-based adjustments that include furniture, fixtures, equipment, liquor licenses, and goodwill. The partnership or buy-sell agreement should spell out the valuation method to avoid later disagreement.

The owner should document every missed delivery or defective shipment, mitigate losses by finding alternative suppliers, and review notice-and-cure clauses in the contract. Quick legal action preserves leverage for settlement or, if necessary, litigation.

Detailed investment agreements should cover voting rights, preferred returns, dilution protection, and exit triggers. Thorough due-diligence on the investor’s financial history and industry track record is equally important.

Key provisions in a sale agreement include purchase-price adjustments, representations and warranties about licenses and permits, non-compete terms, and post-closing indemnities. An escrow holdback can secure the seller against undisclosed liabilities.

Yes. In Texas, an eviction may proceed unless the landlord signs a written modification or forbearance agreement. Early legal counsel helps negotiate an enforceable amendment that waives default claims.

For written contracts, a claim must be filed within four years of the breach. Acting promptly protects evidence and bargaining power.

The lease should clearly allocate property taxes, insurance, and maintenance to the tenant while capping uncontrollable costs such as common-area maintenance fees. Renewal options tied to performance metrics can provide additional protection.

Personal guarantees are common, especially for new concepts or single-unit operators. Limited or “burn-off” guarantees tied to revenue targets or seasoning periods can reduce long-term risk.

Arbitration offers privacy and faster timelines but can be costly and provides only limited grounds for appeal. The dispute-resolution clause should be chosen based on the parties’ strategic goals and bargaining position.

The non-breaching partners can seek damages for financial losses, request an accounting, pursue removal of the breaching partner, or demand dissolution of the partnership. Texas law also allows for recovery of attorney’s fees in certain fiduciary-breach cases.