Business-to-business contracts are among the most important agreements that organizations negotiate. Their contracts may play a key role in the company's operations and financial solvency. Other companies provide supplies and services that can help an organization...
In the business-to-business world, breach of contract is very common. It is usually best to try and resolve these issues informally outside of court, but this is not always possible. If informal means fail, usually injured parties will seek to have the legal system...
A broken agreement, especially for your business, may spell financial disaster. Since your business hinges on specific expectations of services or products, when one of your associates does not follow the terms of a deal, it may impact other areas. A contract break or...
Drafting a business contract is a task you know not to take lightly. You may want to engage in a partnership or venture with another company and want to protect your arrangement with an airtight agreement. Still, you must consider what might happen if the other...
The Texas Business Organizations Code permits companies to engage in a divisive merger. As reported by CNBC, a business may choose to attempt a divisive merger as a prelude to filing for bankruptcy protection and limiting its responsibility to pay liabilities. The...
Catastrophic events that can devastate a business may occur unexpectedly and without warning. If a company has an existing contract, its performance may become impossible to complete. As noted by the American Bar Association, a force majeure clause may excuse a party...
The relationship between you and your business partner is one where you need to maintain civility. It is essential you work together, have open communication and extend each other common courtesies. If you have a dispute, you need to learn how to work through it in a...
Collecting debts for your business from business customers is a little different than collecting from consumer customers because the laws are different. There are far more rules when it comes to consumer debt collection. What this means for you is that it will be...
While many people immediately think “litigation” when they imagine two parties having a business-related dispute, it is actually advantageous for everybody involved to avoid litigation in the majority of situations. Litigation can be time-consuming and costly. Plus,...
When your business enters into a contract with another company in Galveston, you no doubt feel a certain sense of security from the knowledge that your partner cannot simply walk away from your agreement unless you give them cause to do so. Yet is that truly the case?...
