Why Service Agreements Are Important for Businesses in Austin, TX
Imagine signing a deal with a client or vendor in Austin, TX, only to have the terms disputed later. Who owes what? When is payment due? What happens if something goes wrong? Without a written agreement, you are left relying on memory and goodwill—risky for any business.
Top 10 Contract Mistakes Small Businesses Often Make
Small businesses need contracts to manage operations and relationships with customers, suppliers, contractors, and employees. However, mistakes during contract negotiations or during the contractual relationship can lead to potentially expensive legal disputes for your small business.
Common Contract Mistakes of Small BusinessesTen of the...
Understanding Non-Compete Agreements in Texas
Many employers expect their employees to sign a non-compete agreement as a condition of employment. Are these agreements enforceable under Texas law? That depends on whether the terms of the agreement are reasonable or overly restrictive. Texas courts have shown reluctance to enforce agreements that stifle competition or make it difficult for...
Drafting Effective ADR Clauses in Business Contracts
Understanding and using Alternative Dispute Resolution (ADR) clauses in business contracts is an effective tool because these clauses are designed to provide a mechanism for resolving disputes outside of traditional court litigation. These provisions can be particularly beneficial in Texas by offering a quicker, more cost-effective means of addressing conflicts arising in...
Understanding The Elements Of A Shareholder Agreement In Texas
Shareholder agreements in Texas govern the dynamics of shareholder interactions within a corporation. A shareholder agreement is not legally required in Texas, but it is critical to the smooth operation of a business. It is recommended for any entity with more than one shareholder. A formal agreement is even more crucial for...
How a Business Contract Attorney Can Help Your Small Business
In the business world, contracts are going to come up, one way or another. Contracts in business serve a variety of purposes and can be useful both internally and when establishing relationships with vendors and clients. When properly executed, contracts can protect your business dealings and promote the sustainable growth of your business endeavors....
Adhesion Contract Basics
Most of us have signed an adhesion contract even if we were not aware that what we were signing was an adhesion contract. These types of contracts have the terms drafted just by one party. The signee of the contract has no input on the contract terms. As such, courts will be reluctant to...