Business Transactions

Powell, Youngblood, & Taylor attorneys provide seasoned counsel and oversight for business transactions that range from establishing a business entity to drafting complex contracts. We have experience litigating contract disputes as well as business torts. Rick Lambert has served as legal counsel in litigation involving business disputes in Texas and other states. Blake Powell represented the Region 8 Education Service Center in the acquisition of a 125,000 square-foot class-A office building located in Pittsburg, Texas, as well as the structured sale of the service center’s former facility in Mt. Pleasant. Mr. Powell also represented the Region 5 Education Service Center in the long-term lease of two floors in the 17-story Edison Plaza, the only class-A space located in Beaumont, Texas.

For public school districts, strict compliance with governmental procurement laws is essential. Under Chapter 44 of the Texas Education Code, Texas public school districts enjoy greater flexibility in purchasing options, but must be conscientious in recognizing the sometimes subtle distinctions in procurement methods and their requirements. Where federal funds are involved, federal purchasing guidelines must also be considered. Our attorneys represent school districts across the state in procurement issues. For example, Blake Powell helped develop The Interlocal Purchasing System (TIPS), which is the Region 8 Education Service Center’s intergovernmental purchasing pool that provides pooled governmental purchasing options to school districts to obtain the best value for participating entities. The TIPS cooperative is expected to procure approximately $400 million in goods and its members for public school districts. Rick Powell has extensive experience in making sure that school contracts are compliant with state law and, when federal funds are used, that procurement protocols are in strict conformance with federal legislation. He is TASBO certified and has served as purchasing director for many large districts including; the Irving Independent School District. Rick Powell and Sarah Reynolds both work closely with TIPS on procurement, EDGAR and Department of Agriculture issues.

Representative transactions: organizational structures and business entities; acquisitions and sales; leasing; financing; foreign trade zones; economic development; Chapter 313 tax limitation agreements.

Representative litigation: breach of contract; breach of fiduciary duty; negligent misrepresentation; trust disputes; fraud and business torts; breach of covenants not to compete; misappropriation of trade secrets; collections.