Paying after receiving goods or services is a common practice in most industries. Individual consumers and businesses alike often use credit to make purchases or take advantage of delayed payment arrangements. By offering credit and post-service payment options,...
Houston Business & Commercial Legal Blog
Is it time to terminate the contract with your supplier?
Suppliers are crucial to business operations. Thus, it helps to have a contract with one to ensure they supply you with everything you need to run. Unfortunately, you may need to terminate this contract in certain situations and look for another supplier. Here are...
5 ways to protect your business from a lawsuit
Running a business is not easy. With so many moving parts, it's easy for something to go wrong and for someone to file a lawsuit against you. Lawsuits can be costly and time-consuming, potentially ruining a business if it's unprepared to handle them. Here are some...
3 signs you need to terminate your partnership contract
Venturing into the world of business can be exciting and frightening in equal measure. Whether you are crafting your business idea in your college room or simply looking to take an existing business to another level, getting into a partnership with a like-minded party...
4 kinds of contract breaches
Businesses are constantly making contracts. Without them, many businesses wouldn’t be able to last as long as they have today. However, even though written and verbal contracts are legally binding, many people breach them. Businesses may experience four different...
What is fraudulent conveyance?
Fraudulent conveyance refers to the illegal transfer of assets from one party to another with the intention of depriving creditors of their legitimate claims. A transfer of assets can be made in various forms, such as gifts, sales or other arrangements that may not...
Ways you need to restrict a non-compete agreement
As a small business owner, you may want to protect your business with a non-compete agreement. Essentially, you’re just trying to use this contract to protect your intellectual property. You need to train your employees and show them how to work at the business, and...
When might you need an Aircraft Mechanic Lien in Texas?
In any business wherein you provide a service to another business or person, you expect to be paid for your labor and expenses. Fighting for payment from someone who refuses to pay, or says they cannot afford to pay you, is a hassle and has the potential to destroy...
Is your partner defrauding the company?
When first launching your company, you believed that you could take the world on your own. Although your business was successful, it soon became apparent that you would need some support. You decided to take on a team of staff and a business partner. You chose a...
2 ways you may experience supplier fraud
Suppliers play an integral role in the operations of businesses as they provide the products and services needed to run. Thus, business owners strive to have positive relationships with them for smooth operations. However, a supplier may commit some unlawful acts to...