Contingency clauses are terms inserted into a purchase agreement that safeguard your interests as a potential buyer. These clauses outline specific conditions that must be met for the sale to proceed. Contingency clauses can make all the difference in your home...
Lufkin Legal Blog
Don’t forget about insurance when forming a Texas business
It is unfortunately easy to overlook some things when planning and forming a new business. However, failing to address critical issues like business insurance can increase your overall liability once you finally open for business. Since Texas has fewer insurance...
Qualities to look for in a business partner
When you’re starting a business, one of the major things that determines if it will be successful or not could be your business partner. Choosing the right person can bring you to higher levels of success than you would have achieved on your own. Choosing the wrong...
Can you keep your estate out of probate?
What is probate? Probate is the legal process by which a court recognizes a person's death and authorizes the administration of their estate. This includes inventorying assets, paying debts, and distributing assets to beneficiaries according to the deceased's...
Should you include an arbitration clause in your contracts?
Arbitration clauses are used in contracts to avoid litigation between businesses. It is an efficient way of dealing with problems, and to keep disputes confidential. Arbitration, a type of alternative dispute resolution (ADR) is a popular alternative to litigation...
Create professional and personal protection with a strong contract
One of the most important aspects of any business deal is that both parties know their obligations and expectations. Having the right legal documentation in place insures that all parties are on the same page and that everyone's expectations are met. In the event that...
Considerations for a restauranteur who is looking for a lease
As a restaurant owner, signing a commercial lease, particularly a long-term triple net lease, requires careful consideration. This type of lease can significantly impact your business's profitability and future growth. Ultimately, you have to make decisions that are...
Should you consider taking business funds from angel investors?
Many entrepreneurs have innovative business ideas with the potential to generate great profits but don’t have enough money to launch a company. Taking on investors seems like a logical means of raising startup capital. For example, high-net-worth individuals,...
Is home appraisal during purchase really necessary?
A home purchase is, without a doubt, the largest transaction most people will ever get into. It doesn’t matter if you are buying a family home, a vacation home or an investment, a home purchase is a huge undertaking – financially and legally speaking. As such, it...
Why good contracts are essential to your business goals
Starting a business can be exciting, as you get to execute the ideas you are passionate about. In your earliest days, you may have operated mostly on “handshake deals” and verbal agreements, but that’s not something that you should continue. You need written contracts...