Contractual agreements frequently form the foundation of your business. Whether these contracts are with vendors, partners, employees, or customers, their terms can affect every aspect of your organization. Given how important they are, it is a good idea to let a skilled business attorney assist you with every contract you sign.
Attorney Sasha Begum has a track record of success when it comes to helping organizations with their contract needs. From drafting terms to reviewing a contract you have been offered, she is here to protect your interests. Call a Houston contracts lawyer today to discuss your options.
There are many different types of contracts that your company could enter into. While these agreements are frequently with vendors and suppliers, there are other parties you might sign a contract with as well. A Houston contracts attorney could help you with the following:
Outside simple transactions, you will need a formal contract for the vast majority of deals and agreements your organization signs. Having legal counsel who understands the law and who can help you negotiate with the other side could be invaluable to your business.
Consideration is a foundational element of any legally binding contract. It refers to the value exchanged between parties, which can take the form of money, goods, services, or even a promise to act in a certain way. For a contract to be enforceable under Texas law, both parties must provide consideration. This mutual exchange is what distinguishes a binding contract from an informal promise.
The consideration doesn’t have to be equal in value, but it must be something of legal value that each party agrees to. Without consideration, the contract may be deemed invalid or unenforceable in court. This can lead to an array of unexpected consequences for all parties involved.
When one party fails to uphold its end of a contract, it may be considered a breach of the agreement. However, not all breaches carry the same weight. Our Houston contract attorneys can help you understand the type of breach you might be facing:
A material breach occurs when a party fails to perform a duty that goes to the heart of the contract. This type of breach often excuses the non-breaching party from performing any obligations under the agreement. They also have the option to seek damages or even terminate the contract entirely.
An immaterial breach occurs when a party fails to meet a less critical term of the contract. While the agreement remains in effect, the non-breaching party may still recover damages for the breach, but must continue to fulfill its obligations.
This type of breach occurs when one party, in advance, indicates that they will not perform their contractual duties. Under state law, the non-breaching party does not need to wait for the actual breach to occur before pursuing legal remedies.
Contracts impact every aspect of your business, and you can benefit from having an attorney assist you with drafting or reviewing them. Taking care to get these details right in the beginning can have a positive impact on your organization moving forward.
At Begum Pelaez-Prada, PLLC, our team has extensive experience in every aspect of contract law. Reach out to a Houston contract lawyer right away to discuss your options.
