Business Contracts
Construction Agreement
Texas
stuck in a bad contract
I got into a contract with a roofing company that wants to charge me 12 thousand dollars out of pocket on top of he !5 or so thousand that thge insurance is paying or the want 5,800 for breach of contract i need the roof but i cant afford that much debt or cash
Answers from 1 Lawyer
Answer
Business Contracts
Texas
Matthew S.
ContractsCounsel verified
What is the basis for the additional $5K? In general, if you never consented to it in a contract, asking for more is a breach of contract and you can sue to enforce the contract at the original price or sue to recover the cost to complete the project with someone else.
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Commercial Real Estate
Construction Agreement
Texas
Can a construction contractor terminate a construction agreement without cause?
I recently entered into a construction agreement with a contractor to renovate my commercial property. However, the contractor has been consistently behind schedule and the quality of work has been subpar. I am concerned about the progress of the project and the contractor's ability to complete it satisfactorily. I would like to know if the contractor has the right to terminate the construction agreement without cause, or if I have any legal recourse to hold them accountable for their performance and potentially terminate the agreement myself.
Lorraine C.
That situation sounds frustrating, to be sure. The termination rights of both parties should have been clearly defined in the construction agreement. It would be best for you to have an experienced transactional attorney review the contract terms and discuss the issues you are having so that you can receive advice specific to your situation. Regardless, I highly recommend that you document any quality of work or performance issues in writing and with pictures, if applicable. That way, if you do decide to terminate the contract later (with an attorney's guidance), you will have the proof you may need to support your claim.
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Operating Agreement
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Do I need to file my Operating Agreement in Texas?
I know I need one but does it go with State filing?
George O.
No, but you definitely need to have one, preferably reviewed and prepared by a lawyer; there are a lot of businesses that will give you templates, etc., but do not have the experience and knowledge that a lawyer brings to the table.
Read 1 attorney answer>Business Contracts
Asset Purchase Contract
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Business has been sold
I sold my business in 9-2016 for $300,000 at 6% interest and received $4500 a month for payments then in January 2020 lowered the payments to $3000. How long until the note is paid off? Also the buyers now think they paid too much and want to change the amount, can they so that?
Donya G.
Hello, Everything will depend on what your contract states. If the agreement said they paid the amount they did, it would not matter if they now think otherwise but it depends on your agreement. Generally, any modifications and revisions to an agreement must be in writing and signed by the parties. This would also need to be in your agreement. How I can help - I can review your agreement and advise you on how to take next steps with the buyers. You can connect with me through the website or directly to my profile page at Donya Gordon Esq. Regards, Donya
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Does a business purchase agreement need witnesses?
I am considering purchasing a business and I am in the process of drafting a business purchase agreement. I understand that certain documents and agreements require witnesses to be present, but I am unsure if a business purchase agreement is one of them. I would like to know if a business purchase agreement needs witnesses or not.
Michael A.
A Business Purchase Agreement does not REQUIRE witnesses. However, witnesses, if unaffiliated and uninterested 3rd parties, witness the execution signatures on the Business Purchase Agreement, it may become important if a dispute arises between buyer and seller.
Read 1 attorney answer>Business Contracts
Consulting Agreement
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How are deliverables defined in a consulting agreement?
I am a small business owner and I am looking to hire a consultant to help me with a project. I am looking to understand how deliverables will be defined in the consulting agreement so that both parties are clear on expectations. I want to make sure that the consultant is held accountable for the work they are delivering and that I am satisfied with the outcome of the project.
Darryl S.
- Include due dates, frequency, and delivery methods for reports, meetings, and other intermittent tasks. - Establish metrics and KPIs for quantifying performance, progress, and acceptable quality measures. Have a lawyer help you draft a clear set of requirements UP FRONT.
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