Business owners often enter contracts in hopes of further establishing and benefiting their company. However, even the most responsible companies may experience a breach of contract. While a business might have a comprehensive understanding of the terms of an agreement and take steps to avoid litigation, business disputes can arise with only the slightest misunderstanding.
Every economy is cyclical, and recessions are relatively common. A recession caused by a global pandemic, however, is a reality few were prepared for. Whether a typical recession, or a worldwide economic shutdown, situations like these emphasize the importance of contracts for business owners across the country. Dallas law firm Ritter Spencer PLLC helps businesses utilize contracts that safeguard your business interests and prepare your company for challenging financial situations. Discover why contracts are essential during a recession and how these documents can help protect your business.
While the internet makes our lives significantly easier, this immediate access to information has its own set of risks that can have serious consequences for businesses. Companies can easily access pre-written internet contracts that seem to have the necessary requirements for a simple agreement. However, these templates leave businesses vulnerable to costly litigation in the future. Learn about the risks of standard internet contracts and work with the Texas contract law experts at Ritter Spencer PLLC.
Nearly 90% of all U.S. companies are involved in litigation at any given time, and cases related to contract disputes are the most active areas of litigation. The frequency of contract dispute litigation is partially due to the prevalence of generic contracts that leave businesses vulnerable to conflict with employees or partners. If you are a business owner, read below to learn why a Texas business lawyer should review your contracts to better protect your business.