What is first right of refusal?

When creating a lease or contract in the Texas oil industry, it is essential that you understand all the complexities of the situation. If you happen to be leasing a very lucrative property or an area that is has captured the interest of others, you not only have to...

Should you document every transaction?

For small companies in Texas, business litigation can take its toll financially. If your business were like most, you would rather avoid business litigation if possible. Proactivity is one of the keys to avoiding litigation. If you foresee a problem blossoming or if...

What is a contract?

According to the Houston Bar Association’s Consumer Law Handbook, a contract is a promise that rises to the level of legal enforceability. To be a legal contract, the promise must be given in expectation of receiving something of value in return. Both parties give up...