Austin Business Lawyer
Legal Counsel for General Business Contracts in Texas
Facing a complex business law matter in Texas? If so, it is important that you retain the immediate representation of The Jones Law Firm PC rather than trying to go it alone. Cognizant of the challenges business owners face, the staff at The Jones Law Firm PC can provide you with as little or as much help as you need, from one-time contract review to serving as in-house counsel on all business legal matters.
How Our Team Can Help You
At The Jones Law Firm PC, our Austin business lawyers stand ready to help you with:
- Deal Negotiation
When preparing to agree to a deal it is important to keep your business’ needs and interests in mind. When parties are eager to move forward with a deal, they can fail to take the time to negotiate a contract to move the process along faster. In the end, however, this tactic can backfire as you most likely will not end up with all the provisions and protections you would like. Our attorneys can negotiate on your behalf, so you have nothing to worry about. As true advocates on your side, we will fight tirelessly for your best interest every step along the way!
- Complex Drafting
Drafting a contract, especially a complex contract, can be an intimidating endeavor. In many cases, individuals do not have the tools, knowledge, or capacity to draft a satisfactory contract. Our experienced business law attorneys in Austin can handle your complex drafting needs.
- Asset Purchase Agreements
An asset purchase agreement, also called a business purchase agreement, is a legal document that outlines the purchase of a business or business asset. This legal document details everything important about the sale, such as price, limitations, and any warranties. Such an agreement can have high stakes due to the legal and financial implications of such a big purchase. Because of this, it is important to hire an experienced attorney to ensure that the agreement is fair and that your interests are protected.
- Purchase & Sale Agreements
A purchase and sale agreement is the main legal document used in the sale of a piece of property. The document will outline the agreed-upon conditions, including specified protections, such as any warranties and indemnities, restrictive covenants, conditions precedent, and any other details of the transaction. A purchase and sale agreement is crucial to both a buyer and seller, as the document includes both parties' interests. Like most contracts, this document seeks to ensure all parties are on the same page.
- Letter Agreements
A letter agreement is a type of contract that is usually less complex and shorter than other contract types. The legal document describes an agreement between two or more parties and typically includes the deal's terms, a statement of binding intent, and the parties’ signatures. A letter of agreement also called an agreement letter, can be crucial in avoiding misunderstanding during a deal and protecting your interests. An attorney from our firm can help you draft a letter that covers everything you need concisely and clearly.
- Contract Review
Signing a contract is undoubtedly a big decision. As such it is important to ensure that you understand all that you are signing and know how to rebuttal unwanted terms with new ones. In this vein, having a legal professional review your contracts can be extremely beneficial for you and your company. An experienced attorney can ensure that nothing slips through the cracks, or worse you run into any surprises once the contract is signed. Our team will make sure you get a fair deal, and most importantly, that you know all that you are agreeing to.
- And More
Types of Business Disputes We Handle
Our Austin business contract lawyers handle the following types of contracts and agreements in Texas:
- Breach of contract
- Real estate contracts
- Distribution contracts
- Commercial lease contracts
- Partnership agreements
- Licensing agreements
- Shareholder disagreements
- Intellectual property
- Trade secret protection
What Are the Elements of a Legally Binding Contract?
According to Texas law, several elements must be met in order for a contract to be legally binding. These requirements are:
- Exchange of value
An offer is the beginning of a contract. For an offer to be most beneficial for both parties it should communicate intent clearly to the other party and should contain definite terms. Of course, an offer is empty if it is not accepted by another party. Whether an offer is accepted right away or is followed by a counteroffer or negotiation in the end for a document to be legally binding the terms must be unequivocally agreed upon by both parties. Additionally, an exchange of goods, services, or cash must be exchanged. This is the main distinction between a promise and a contract. A contract is only a contract if mutual consideration is established.
What Are the Requirements of a Contract?
There are also a few requirements that all contracts must meet. The first is that all parties must be legally capable of agreeing to a contract. For example, it is illegal in Texas for a minor to agree to a contract until they are legally an adult. A contract where one party is a minor would be considered invalid and, the contract will not be enforced against the minor.
Second, for a contract to be legally binding the subject matter of the agreement must be legal. In other words, if a contract is an agreement to do something illegal, it is unenforceable. Last, some types of contracts must be in writing to be legal in Texas. This includes,
- Contracts to purchase real estate
- Contracts to purchase goods worth over $500
- Contracts with terms that will take over a year to fulfill
While a verbal contract can be legally binding in some situations, they can be difficult to prove if a disagreement arises. It is therefore best to have all contracts in writing. An Austin business law attorney can help your company with all your contract questions and needs.
Contact Our Business Attorneys in Austin Today
We will provide you with the personalized legal solutions that you need and the supportive assistance that you deserve. Regardless of whether your company is large or small, we are fully equipped and qualified to handle all of your business needs in an effective and timely manner.
Reasons to choose our Austin business lawyers:
- Personalized legal solutions
- Effective legal representation
- Exceptional track record of success
- Backed by 50+ years of collective experience