Dallas Business Contracts & Agreements Lawyers

Business Contracts and Agreements

Business contracts are legally binding written agreements between two or more business partners and are enforceable in a civil court of law. There are several business agreement types that companies may need to adhere to daily during normal operations.

Without solid, enforceable documents, businesses expose themselves to risks, such as trademark violations and human resources disputes. Our contract attorneys at Davis Business Law work with clients to provide a strong legal foundation for all legally binding contracts. We help you avoid contract disputes by drafting clear, comprehensive and legally sound contracts.

Contract Drafting

Drafting a valid contract involves several legal steps and a great deal of teamwork and collaboration between the relevant parties. There may be several negotiations over the contract rights, which are exceedingly common. It’s not uncommon for business contracts to undergo several drafts before both parties sign the final document.

Drafting a good contract is preventative. It protects both parties if disputes should occur. Davis Business Law can help you draft valid and legally binding contracts to help you avoid costly contract litigations down the road.

Contract Disputes

A contract dispute occurs when one or both parties who committed to the contract terms disagree about the contract terms. A business contract is only valid if both parties fully understand the contract terms and are willing to accept them. If the agreement isn’t mutual, it can be challenged in court.

Here are the types of contract disputes to watch out for.

Breach of Contract

Contract disputes mainly occur when one or more parties breach the contract terms. This means the accused party didn’t fulfill the promise they agreed to meet in the agreement. A breach of contract may also occur when the promise isn’t fulfilled per the steps or specifications indicated in the contract. The responsible party may also not complete the promise stipulated in the contract on time, thus breaching the contract terms.

Non-Disclosure Agreements (NDAs)

A non-disclosure agreement, or a confidential disclosure agreement, protects the business’ sensitive information from unauthorized disclosure. An NDA prevents the signing party from sharing sensitive information, which may include patented technologies and trade secrets, with the public.

A contract dispute arises when the contract issuer accuses the signee of breaching the NDA terms. The signee may have shared, leaked or stolen information from the contract issuer.

Non-Compete Agreements

Businesses may require their employees to sign non-compete agreements before beginning work. This contract dictates that once the employee severs their work agreement with the contract issuer, they can’t work for the employer’s competitors for a specified number of years.

Commercial Lease Agreements

The language used in commercial lease agreements, or the lack thereof, may result in several disputes between businesses renting space and the building owners. The lessor may not have specified the exact fee payable upon breach of contract but still demand the full amount. In other cases, the lessee may not have fully understood or followed the contract terms, breaching the agreement.

Partnership Agreements

Many businesses rely heavily on partnerships and collaborations with other companies. When a business feels its partner hasn’t fulfilled its requirements (breached a partnership agreement), it can sue for damages.

Partnership agreements must have clear objectives, requirements and expectations in the contract terms and conditions. Otherwise, the suing party may find it difficult to prove a breach of contract occurred.

Vendor Agreements

Contract disputes with vendors may arise when one or more parties to the contract fail to fulfill their requirements. A vendor contract dispute arises if a material breach occurs, such as an error in the clause, price changes, delay in the delivery time or failure of the vendor to perform.

Contact Davis Business Law in Dallas

Our dedicated legal counsels in Dallas at Davis Business Law strive to represent all clients in settlement discussions, negotiate contract terms and prepare suitable contracts to protect you in case of a contract dispute.

Contact Davis Business Law in Dallas for assistance with your breach of contract lawsuits and drafting good contracts to prevent conflict later on.