Contracts are legal agreements establishing the terms and conditions under which parties agree to enter a business relationship or transaction. However, what starts as a seemingly straightforward document can quickly become a tangled web of complexities. From ambiguous language to unforeseen circumstances, various factors can turn a simple contract into a legal minefield. In such situations, having the guidance of...
Continue ReadingContracts are legal agreements often at the heart of a business’s operations. From purchase agreements to employment terms, contracts can cover a wide range of topics to help companies protect themselves and create opportunities for growth. When entering into a business agreement, a well-written contract is essential to ensure clarity and enforceability. Knowing how to write a business contract...
Continue ReadingBusiness and commercial litigation are terms often used interchangeably, but there are subtle differences between the two. Business litigation involves internal disputes within entities, encompassing shareholder conflicts and contractual breaches within the business framework. Commercial litigation widens this scope to cover transactional conflicts, including disputes in sales, finance, real estate, and broader commercial activities. Although these concepts are similar and...
Continue ReadingLitigation is the act, process, or practice of settling a dispute in a court of law. Business litigation resolves legal disputes between companies and other parties, such as employees, partners, or outside vendors. Disputes and disagreements are a normal part of business but should be taken seriously as they can negatively affect a company and its bottom line. In...
Continue ReadingDepending on the context, signing a contract may seem like a huge milestone or a simple formality. Yet, every contract represents your agreement to do or not do something, a promise binding yourself to when you sign. It pays to ensure you understand the entire contract, what the contract says, and what you want it to say. Completing a...
Continue ReadingBeing sued is a confusing, stressful, and overwhelming experience. The legal complexities and unfamiliar terminology can leave you feeling dazed. You likely have many questions, like how to respond to a lawsuit, what happens if you ignore a lawsuit, what will happen next, and how a lawsuit will affect your life. But don’t panic. You can take some steps...
Continue ReadingBuilding your dream pool should be an exciting experience, not a recipe for frustration. Unfortunately, pool construction defects can leave you with a leaky, cracked, or even structurally unsound pool, turning your investment into a source of frustration and financial strain. Below, we look at some common pool defects and discuss how to resolve swimming pool construction defects with...
Continue ReadingTexas’s real estate landscape is undergoing a dynamic shift, offering exciting possibilities for a Texas real estate broker seeking innovative ways to structure their compensation. As of January 2024, the Texas Real Estate Commission (TREC) introduced the option for business entity registration, allowing licensed brokers to receive compensation through registered entities like LLCs and S Corporations. Below, we explore the key...
Continue ReadingThe definition of a business contract is a legally binding agreement between two or more parties that governs transactions made in a commercial environment. While there isn’t a strict differentiation between “business contracts” and “regular contracts,” the distinction often lies in the purpose, parties involved, and the agreement’s specific terms or considerations. Because business contracts are often subject to...
Continue ReadingIt is natural to want to protect your hard-earned assets to ensure you and your loved ones can benefit from them for years to come. One way married couples can protect assets is by creating a spousal lifetime access trust (SLAT). These trusts allow one spouse to set aside assets for the benefit of the other spouse. In this...
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