While compensatory damages are the most common remedies following a breach of contract, they are not the only available options. Depending on the nature of your contract, other remedies may exist to provide you relief in case the other party breaches the contract. In...
Houston Business & Commercial Legal Blog
What if your business partner no longer wants to be your partner?
Breaking up is hard to do in business and personal relationships. In marriages, pre-nuptials can ease the process. In business, it comes down to your partnership agreement. People forget that all business partnerships end eventually. Some fall apart within weeks,...
The fundamentals of a sound employment contract
With every transaction we make, we are virtually always dealing with some form of contract. Generally, we do this without thinking, which is a sign that the contract may be working as intended. As a business owner, you rely on your employees to carry out the tasks...
How can you detect employee fraud in the workplace?
No employer wants to think that one or some of their employees are dishonest. Unfortunately, the truth is employee or workplace-related fraud is on the rise. Most employers only take measures to boost controls after discovering fraud. Fortunately, you can reduce...
How do you enforce an aviation lien for unpaid work on a plane?
Those who do mechanical work in the aviation industry often don't receive full payment in advance. Instead, they trust that the owner of a plane will pay the bills when they finish the work. Getting a plane back to the point where it can pass FAA inspections can...
Handling tax issues to avoid allegations of tax fraud
As a business owner, it is your responsibility to avoid making mistakes on your taxes. You are responsible for filing on time and paying the appropriate amount of tax to the federal government, state or local government. Tax fraud can get you into deep trouble with...
3 tips on protecting your business from fraud
Every year, businesses across the country lose billions of shillings to fraudsters. In a worrying trend, criminals are adapting to the changing times, and it’s safe to say that even the most technologically advanced security measures your business may have taken to...
How do you prove breach of contract?
When you enter a contract with another party, you expect them to execute their obligations as per the terms of your agreement. However, they may fail to do that in some cases without legal reasons, thereby breaching the contract. Given that the consequences of a...
Plane owners may seek out repairs that they can’t afford
There are numerous federal rules that restrict the rights of an individual to fly a plane. Special licensing is necessary, and the plane itself needs to meet very specific airworthiness standards. Even silly mistakes, like a pilot backing into a hanger and damaging...
What is contract misrepresentation?
When you enter into a contract and uphold your end of a bargain, you expect to get what you’re due in return. However, some people are masters at stretching the truth beyond all recognition. A misrepresentation is any kind of false statement of fact that one party...