Legal Support For Your Investments And Other Holdings
A commercial contract is any contract agreed to between businesses for commercial purposes. There are many reasons to enter into one, but in all instances, a commercial contract is highly complex. It’s natural to have questions.
At The Weaver Law Firm, we’re here to answer your questions. Commercial contracts are not something you want to enter into blindly. It’s important to get all of the information you need, and it’s doubly important that you get guided, personalized answers.
Our Real Estate Transaction Services
We offer detailed, comprehensive work product to companies and individuals with real estate law needs. We review and write, and otherwise strengthen documents such as:
- Commercial leases: We draft commercial leases for tenants in retail space, office space, shopping centers and other commercial spaces.
- Residential purchase and sale agreements: We work with buyers and sellers to draft and negotiate buy and sell agreements or leases for residential real estate. These agreements include one-to-four family residential resale contracts, new home construction contracts, residential condominium resale contracts, seller’s and buyer’s temporary residential leases and short sale addenda.
- Closing documents: We represent buyers and sellers to ensure all closing documents protect their best interests. We provide counsel on negotiating purchase price, removing old liens, transferring escrow accounts and reviewing mortgage terms.
- Rural property contracts: We draft and prepare farm and ranch resale contracts, unimproved property contracts and livestock grazing agreements.
- For sale by owner (FSBO): Although FSBO transactions can save sellers and buyers thousands of dollars, there are risks to both parties. We help ensure best interests are addressed and the proper disclosures are made, as required by the Texas Property Code.
- Seller and third-party financing: Seller financing, third-party financing and loan assumption.
- Disclosures and notices: Seller’s disclosure notices and buyer’s termination of contract.
- Oil, gas and minerals: Buying or selling property when the seller owns mineral interests requires special attention from an attorney that understands the complexities of mineral conveyances. Our attorneys are experienced in drafting mineral deeds and surface deeds with reservations of oil, gas and other minerals. We also prepare and negotiate oil and gas leases (OGML) and mineral leases.
Our experience and attentiveness make a valuable impact on your real estate dealings. However, our contract work does not end there.
Secure, Detailed Corporate Documents
Your business stands on a foundation of contracts, and we can help reinforce that foundation. We frequently help companies with:
- Business formation: name availability, certificate of formation, bylaws, operating agreements, certificate of membership units, stock certificates, organizational consent, partnership documents, business conversions, business operations and maintenance
- Business contracts: joint venture agreements, asset purchase and sale agreements
- Employment: employment agreements, independent contractor agreements
- Securities: UCC-1 financing statements, mechanic’s & materialman’s (M&M) liens
No matter your business contract needs, we can help you find the solution.
Frequently Asked Questions About Commercial Contracts
Getting answers is a hugely important part of any contract issue. Whether you are writing a contract or litigating one, clarity matters; that’s why we’ve compiled the below answers to some of the questions our clients ask most frequently.
What makes a contract?
The validity of any contract depends on whether there were these three stages:
- Offer: Where one party makes an offer of service or payment to the other.
- Consideration: The receiving party reviews the terms offered and either attempts to negotiate or not.
- Acceptance: The receiving and offering parties agree to the terms and accept the conditions.
While these parts are very formal sounding, they can often be much more informal in practice.
Are verbal contracts valid?
Even in commercial law, verbal contracts and “handshake agreements” are valid. Now, there is a certain degree of risk associated with such deals, but the elements of a contract can be invoked in any format.
What are some common missteps in crafting a contract?
A few of the most common mistakes in contracts are:
- Undue consideration: Not taking enough time to consider the terms of a contract.
- Calculation errors: Overlooking mistakes in calculations can put you in a difficult position.
- No end date: A contract should have an end date, and if it does not, that can leave a company in a difficult position.
- No “buyout” clause: Buyouts are extremely important and necessary to end a contract that is not functioning well.
Some mistakes can be mended in court, provided both parties are on the same page. However, not all mistakes are remediable.
Can a contract be changed?
While it is difficult to unilaterally change a contract, with both sides on the same page, you can make changes. Additionally, the parties can negotiate a new contract if necessary.
How long do contracts last?
Contracts can be fixed terms, have no specified term or anything in between. The type of service contracted will guide the length of the contract.
Experience | Loyalty | Communication | Results
Results come first in real estate and business law matters. We have the experience to achieve them in even the most challenging cases.
Call 713-454-7875 or send an e-mail to schedule a consultation with one of our experienced Houston real estate and business law attorneys.
Se habla español: Spanish-speaking services are available at our law office.