Austin Business Contracts & Agreements Lawyers

The primary objective of a business contract or agreement is to document, formalize and turn promises into a legally binding list of rules, rights, and obligations for the involved parties to follow. Contracts are vital services offered at Davis Business Law and can be confusing, especially for new business owners.

Business Contracts and Agreements

Business contracts and agreements are typically drafted by either the buyer or seller. The drafting party describes the specific terms of the agreement, such as what each party is promising, when the promises should be met, what will be delivered and the due date for the products and/or services.

Contract disputes could soak up large amounts of time, money, attention, and effort, dragging out either party’s ability to operate effectively. The longer contract disputes last, the costlier it will become.

What Are the Elements of Enforceable Contracts?

There are three vital elements of a binding contract. These include the offer, the acceptance and the considerations. These elements must be present for a business contract to be considered acceptable, complete, and binding.

  • Offer: This contract element marks the initial step of the business agreement. In it, the party offering the contract presents a proposal containing specific terms for the other party to accept or reject. The party offering the contract may do so in many ways, including by spoken word, writing or even actions.

  • Acceptance: This contract element is most dependent on the party receiving the contract. In it, the receiving party considers the offer by the issuing party and then chooses to accept or reject it. The receiving party may do so in writing or orally. If acceptance is made, the contract will be considered absolute and binding with the consent of both parties.

  • Consideration: This is the final stage of the contract. Both parties have an equal say in this stage, without which the contract can’t be completed. This stage involves exchanging items of consideration with one another as mentioned in the accepted terms of the contract.

Types of Contracts

The type of contract used in a business agreement refers to the business’ document structure, compensation details, legally enforceable requirements, and other associated tasks. Our legal representatives at Davis Business Law can help you with your contract drafting process and handle disputes with partners/vendors, employees, and tenants. We check and counter check all documentation to ensure everything is in order and acceptable.

Employment Contracts

Employment agreements cover employee relationships with businesses and offer both parties legal protection. The contract may state how long the employee contract will run, the pay rate, work conditions and other details. It may also cover bonus terms, the amount of time employees are expected to work and grounds that may necessitate firing an employee.

Non-Disclosure Agreement

An NDA is a form of a confidentiality agreement that gives the protected party the right to seek legal action should the other party disclose sensitive information covered by the agreement. Collaborating with other parties often involves sharing sensitive company information and trade secrets.

An NDA places the signing party in strict confidence to use the proprietary information only for the intended purpose stated within the contract.

Real Estate Agreements

Real estate contracts are legally binding documents that outline key terms and conditions agreed upon by two or more parties in a real estate transaction. The outlined terms are put into effect upon signing the real estate agreement. The terms typically include:

  • Real estate contingencies

  • Deposit amount

  • Closing date

Business-to-Business Contracts

Business-to-business contracts are often used when services are rendered for a fee. Written B2B agreements are meant to protect both parties should either party fail to meet their end of the deal. B2B contracts may include vendor agreements, partnerships with other companies and purchase agreements.

Contact Davis Business Law in Austin

Our experienced and dedicated law representatives at Davis Business Law devote all their time to building and protecting our clients’ dreams for their businesses and lives. We specialize in helping clients create legally binding and enforceable documents for their business relationships, employment contracts, and business formation.

Our breach of contract lawyers have extensive experience in legal documentation review and analysis. We strive to provide the best legal representation that meets and surpasses your needs, whether large or small. Contact us if you need to draft new contracts or are already in (or anticipate) contract disputes.

Contact Us

Call us at (737) 252-7914 or complete the form below. Your form will be directly emailed to us for a quick reply, typically within 1 business day often within hours the same day. All information is confidential.

Contact Form Tulsa

Meet Our Austin Business Lawyers

J. Michael Morrison, Esq.

J. Michael Morrison, Esq.

Tim Pullin, Esq.

Tim Pullin, Esq.

Ashley Morey, Esq.

Ashley Morey, Esq.

Contact Us

(737) 252-7914

office@davisbusinesslaw.com

Address

6500 River Place Blvd

Building 7 Suite 250

Austin, TX 78730

Davis Business Law

321 S. Boston, Suite 300

Tulsa, OK 74103

From Our Clients

Michael Lloyd
Michael Lloyd
17:43 29 Jul 22
I needed quick advice for contract review and business changes to which they were very responsive and available. Sound advice and knowledgeable. I’m... glad I found them.read more
RMike Wittkkop
RMike Wittkkop
00:14 29 Jul 22
Todd Bules
Todd Bules
19:45 24 May 22
Outstanding group. Matt and his team did a fantastic job taking care of our legal questions.
Regan Mckenzie
Regan Mckenzie
14:24 24 May 22
Hiring Davis Law was the best decision I ever made for my business.
Jeremy Cole
Jeremy Cole
23:42 08 Apr 22
Dylan Woods
Dylan Woods
02:37 08 Nov 21
Kristin wax the lawyer I dealt with in regard to getting an LLC and she was extremely thurough and went threw every detail in detail which is exactly... what I wanted. I would highly recommend if starting a business to use Davis and kristin in particular.read more
Tyler Ellis
Tyler Ellis
00:07 28 Dec 19
Matt was very professional and helpful when it came to our business problem. He had the issue resolved in just a couple of days. We will definitely... use him again.read more
Jeff Washburn
Jeff Washburn
02:24 03 Dec 19
If you are looking for a go getter and no bull type of people to work with, I highly recommend Matt and his team!
adria dunn
adria dunn
03:14 13 Oct 19
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