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Did You Know?
If You Co-Signing For Someone Else You Are Responsible For Their Debt
If you co-sign, you are responsible for their entire debt. Therefore, if the other person chooses not to pay you will have to pay the full amount, even if you had no part of the services or goods.
Contracts form the basis for all business agreements. Any time you or your company agree to take some action or make a payment in exchange for anything of value, a legal contract has been created. By definition a contract is an agreement in legal form between two or more parties to do or not do some legal act. Contracts can be either an express contract or an implied contract. An express contract is one in which the terms are expressed verbally, either orally or in writing. An implied contract is one in which some of the terms are not expressed in words.
When a contract has been violated for any reason it is known as breach of contract. Since both parties are legally bound by the contract, the party that breaches the contract can be sued for money damages. If you have entered into a contract that has been breached, Texas Contract Lawyers can help you recover damages.
Since a contract can have serious legal ramifications, it should not be entered into lightly. A competent Texas Contract Lawyer has the expertise to help you avoid the pitfalls of contract law.
Halliburton Workers Testify about Contracts
AUDIO, RM, 48 Kbps, 3:24, 7/22/2004
Employees and executives of Halliburton and its subsidiary KBR discuss the company's Iraq contracts on Capitol Hill. Former employees, described by some as "whistleblowers," testify about what they say was bad performance and over-charging by the com Source: NPR
Texas External Sites
City of San Antonio, Texas
The firm is based in San Antonio and also has offices in Austin, Texas and Washington ... The firm is interested in seeking contracts with the City a City of San Antonio, Texas
City of San Antonio, Texas. Ethics Advisory Opinion No. 14 ... However, if Mr. Smith participated in the contract in both his capacity as an engineer
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News about contract cases in Texas and nationwide:
Definition:
The person for whose benefit a contract, or trust, or will is executed or enforced.
Sales Agreement
Definition:
A contract by which a seller agrees to convey property to a buyer for a stipulated price under specified conditions.
Offer
Definition:
Offer: A proposal that is made to a certain individual or legal entity to enter into a contract, that is definite in its terms, and that indicates the offerer's intent to be bound by an acceptance.
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City of San Antonio, Texas