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Business contracts can help you protect valuable relationships. At some points during the negotiation, you may need to relinquish some of the things you want. Knowing how to negotiate effectively is paramount to your success in designing a winning agreement....
All business owners enter contracts with the idea that both sides will benefit. You have done your research, negotiated in good faith and you expect the other side to live up to the deal. And, in a perfect world, that is exactly what happens every time. Unfortunately,...
The inflation rate has been high recently. Most of us are still struggling with high consumer prices and a challenging economy. Times like these can make it difficult for business owners to effectively negotiate contracts with both current and potential clients. Don’t...
Whether your business is long-established, in its early days or in the formation phase, a business’s reputation is often paramount to its success. There are many working parts to a business; however, a factor that brings it all together is contracts. In other words,...
The excitement that accompanies the founding of a new business can often obscure some necessary planning decisions. One of the most important questions is planning for the orderly transfer of the ownership and control of the business in the event that the founder is...
Texas businesses depend on written contracts to conduct their operations. A contract may be used to describe the relationship with a supplier of key parts or to describe the relationship with the company’s distributors—or any of many different agreements that are...
Drafting, negotiating and executing various contract is an inherent part of running a business, and Texas business owners deal with contracts every day. Contracts are typically in writing, but as a business owner, you should be aware that there is also something...
Businesses in Texas rely on others to make their business successful. They need customers and clients, but they also need other companies for supplies or services to be able to provide their own products and services. When interacting with these other companies and...
Contract law underlies most business activity in Texas and across the country. Once they have made an agreement, businesses rely on their partners and customers to follow through with everything they promised. When someone fails to live up to the terms of the...
Negotiating, drafting and managing a contract after it is executed can be a significant undertaking. If you are in the position to negotiate a contract for your business, it is helpful for you to be familiar with several key tips to help you negotiate the best...
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