You probably wouldn't agree to do a million dollars' worth of work with only a verbal agreement and a handshake. But what about smaller jobs? Do oral contracts carry any legal weight in Texas? Are they enforceable?
Employment contracts are binding legal documents. This means, when you enter into an employment agreement, you could face litigation should a dispute or disagreement arise. Thus, it is important to have the experience of our Dallas commercial litigation attorney to handle the legal issues of your case and protect your interests.
Fiduciary duty refers to a party's obligation to act in the best interest of another party. For example, a corporate board member has a fiduciary duty to act in the best interest of their company's shareholders. When a party fails to uphold their obligation or duty to another party, it is called a breach of fiduciary duty. The person with the obligation is called the fiduciary, while the person to whom the obligation is owed is called the principal or the beneficiary.
A broken contract can have serious consequences for the victim of the breach, but it also can be a cause for concern to the breaching party. If your contract has been breached by the other party, you may be able to claim damages or other actions to repair the harm caused by the breach. Learn how you can file a claim for a breach of contract.
Contracts make business happen. These extremely useful tools set the relationship between two parties in stone by dictating how their relationship will take place. However, when one party breaches a contract, those who are involved could be hurt, including sustaining possible damages. Fortunately, parties who breach contracts can be held accountable through a breach of contract lawsuit. However, you must be one of the parties who the law says is eligible to file. Let's take a closer look at who that is.
Contracts can be complex in many different angles, so who actually has the ability to determine when one has been breached and start pursuing legal action against the party who breached it? To better understand, let's take a look at what exactly a breach of contract entails and figure out who has the right to file one of these suits.