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Tariffs do more than raise your costs; they can put your contracts and business relationships at risk. If you rely on imported goods or international partners, recent trade policy changes could impact how you fulfill agreements. As a Texas business owner, you need to...
When two or more people join to run a business, a key part of making these partnerships successful is making sure each person’s duties are clear. This helps partners trust each other and stay accountable. However, a recent Texas Supreme Court decision shows that this...
If you have to ask a question regarding whether parties to a contract breached the terms in some way, then it is likely that they did. Most of the time, investigations show some type of breach. There are many ways in which someone could violate a contract that you...
Lenders have to protect themselves from financial exposure when issuing mortgages and other sizable loans. They typically integrate protective terms into their mortgage notes to protect the company in the event of defaults and other issues that may arise during the...
Eminent domain is a legal process that allows government entities to take private property for public use. When this happens, it is supposed to provide fair compensation. In Texas, eminent domain is used for projects like highways, schools and parks. While this can...
Establishing a business partnership can provide many benefits, such as expanding a company’s market, splitting ownership, expanding experience and increasing business opportunities. Any business partnership is established with a partnership agreement. This agreement...
Businesses providing goods and services do not always receive payment in full ahead of time. Frequently, organizations agree to accept partial payment or to bill for services and goods at a later date. They need written agreements or legal protections to prevent...
Navigating the world of entrepreneurship is a thrilling journey filled with opportunities and challenges alike. Your relationship with suppliers is one critical aspect that can make or break your business. As an entrepreneur, you know that timely and quality...
Creating strong business contracts facilitates clarity and legal compliance, but they are still prone to errors that can introduce costly disputes or litigation. One reason many business contracts contain errors is that entrepreneurs often assume a basic, reusable...
As a business owner, you need to be aware of the threat of phishing scams. These scams often target individual consumers but can easily be adapted to target your business. The goal is typically to deceive or manipulate one of your employees into providing sensitive...