Two heads are better than one. Nowhere is this adage true than in a business partnership. When you get it right, the right partnership can take your business to greater heights, make profits and bring your dream to fruition. Learning that the partner you trusted with...
Business Law
4 common remedies for breach of contract
A contract breach can cause unimaginable losses, and it is only fair that you are compensated for your losses. Fortunately, remedies that can help cure the breach and protect your financial interests are available. The appropriate remedy varies depending on the terms...
Contracts can be breached in various ways
As a business owner, you rely on contract law for most of your activities. You have contracts with staff, customers, vendors and service providers. For the most part, these contracts strengthen the legal rights of all parties and as long as nothing goes wrong, you may...
What are your rights when a construction client won’t pay?
Construction is a dangerous but potentially profitable industry. You have safety risks for any workers that you employ, ranging from the possibility of them falling off of a roof to the ever-present risk of electrocution. As a business owner, the most pressing issues...
2 options when a business’s non-performance hurts your company
Contracts are a standard part of business, used for everything from renting commercial spaces and hiring new employees to locking in delivery schedules with suppliers. When you sign a contract, you expect the other party to follow through with their promises to you. ...
Can you legally enforce a verbal contract in Texas?
Texas is unique in many ways -- including the fact that many people who dwell here still feel that their word is their bond. However, are verbal contracts really binding? They may be. Keep in mind that some agreements must be in writing (such as the sale of real...
3 common causes of construction litigation
Frequently, construction projects involve many moving parts that rely on cohesion to complete tasks effectively. Unfortunately, disputes can often arise. Construction disputes can result in significant financial losses for all parties involved. Therefore, quickly...
Can you get out of your contract?
When you enter into a contract with another party, it can bring significant benefits. Yet, if things do not work out as you hoped, you may want to end the relationship. If, however, the other party likes the deal you struck, they may insist you honor the contract. If...
What if a subcontractor does poor work?
As a general contractor who owns and runs a construction company, you often hire subcontractors to help you with various jobs. You do more of the managing and making sure everything happens properly than the physical work. But what if you hire someone and you can...
3 elements that set commercial leases apart from residential ones
If you recently officially formed your business or are finally ready to take your home run company and turn it into a successful commercial venture, you probably need a space to do business. Regardless of how confident you are about the likely success of the company,...