Business Lawyers Blog
Every business depends on contracts, and businesses in Texas are no exception. Whether discussing a simple purchase order or executing a more complex merger or acquisition, a contract sets forth the essential terms by which two parties exchange something of value. And while there is a certain romantic notion that contracts require “nothing more than a handshake”, if you are dealing with a complex transaction, it is generally best to work with a qualified contract lawyer. The Texas business transaction attorneys at Structure Law Group can assist you with various contracts that affect your business.
What Is a Contract?
In its simplest form, a contract is a legally enforceable promise. A contract requires some form of consideration by both sides. For example, if you agree to help your friend move in exchange for $100, that is a simple contract. In the context of a larger Texas business, however, a contract can involve obtaining insurance, working out a deal with a vendor, establishing employment terms for key employees, and even selling or acquiring a business.