Contracts are central to business dealings since they outline the terms of specific transactions. When both parties follow the terms of the contract, there aren’t any issues. If one party fails to follow their part of the agreement, that's considered a breach of...
Contract Law
Skip the boilerplate contracts: Get yours tailored to your needs
Business contracts are vital to the success of nearly all companies in Houston, Texas. Despite this, developing contracts are also one of the most overlooked parts of operating a business. Typically, entrepreneurs fail to think much about a contract until they...
Can I waive my contract’s “good faith and fair dealing” clause?
There’s an implied “good faith and fair dealing” covenant contained in every contract. It essentially amounts to an agreement that both parties make to do their best to comply with the terms of their agreement and be respectful of one another’s circumstances when...
Why you need to take care with indemnity clauses
Well-written contracts are essential for your business to succeed. They can protect you when things go wrong. Yet, any party you sign a contract with will want the agreement to protect their interests. Thus you have two sides, both hoping the arrangement will work in...
Should you make your employees sign a non-compete agreement?
Non-compete agreements vary in their specific wording and intent, but the general idea is that an employee who takes a job is told that they cannot leave to join the competition or create their own competing company. This may only be for a set time, such as two years...
Misunderstandings can lead to a breach of contract
A breach of contract often sounds malicious: One party signed a contract and then intentionally failed to adhere to its terms. In many cases, though, the true issue is miscommunication or a misunderstanding. This doesn’t mean it’s not a breach -- it is -- but it may...
Do you qualify to break your commercial lease?
Business owners generally have the best of intentions when they enter into a commercial lease. Various factors may change, diminishing a business owner's need for their leased space. Maybe their entrepreneurial endeavor hasn't been as successful as they would have...
Is every breach of contract the same?
When two parties enter into a contract, each party is expected to uphold their end of the deal. When they don’t, they may be accused of breach of contract. This is a serious accusation that can lead to legal action if it isn’t remedied appropriately. There are four...
What types of remedies do judges impose in breach of contract cases?
Any two people or entities entering in to a contract do so with the expectation of some offer and consideration. The onus falls on the party offering a product or service to draft their terms, conditions, and expectations carefully. Their customer must read the...
Is your employment contract ironclad — or one big loophole?
If you are a small business owner, you may have a standard employment contract that all new hires must sign. But the problem is that your contract may have so many loopholes that it is virtually unenforceable or so restrictive that a court is sure to strike it down...
