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Posts tagged "Contract Disputes"

What are some common contract loopholes?

If you create a contract in North Carolina, you want it to be airtight. Any loopholes could come back to haunt you. According to USA Today, there are a few common loopholes a person may use to get out of a contract with you. In many cases, these loopholes are not in the actual writing of the contract but rather in the formation of the agreement between you and the other person.

What are the required elements for a valid real estate contract?

When you are buying or selling a piece of real estate, it is important that you understand how to write a legal contract. If you fail to include any of the required elements or the seller does, then it makes the contract invalid. This can lead to serious issues down the road. The following are the required elements for a real estate contract, according to the North Carolina Real Estate Commission.

How can I protect my construction business against fraud?

If you're a contractor in Raleigh, you probably strive to ensure fair dealings with both customers as well as associates. Unfortunately, many unscrupulous people exist in the world of business and if you're not careful you could find yourself embroiled in serious legal trouble should you encounter one of these people. To ensure you can protect yourself and your company, follow these tips from Construction Business Owner.

How can I resolve disputes with my contractor?

You expect your contractor to perform work in your home to the highest possible standard. Accordingly, when errors or oversights occur, you will most likely feel incredibly frustrated, which can lead to a heated dispute. While litigation may be required for especially egregious errors, HGTV.com recommends the following tips to amicably resolves construction disputes.

Tips for negotiating construction contracts

Negotiating construction contracts in Raleigh can be a complex undertaking. In fact, many contractors shy away from the process due to lack of knowledge or  fear that they will lose the project to a competitor. Accepting a contract without negotiating properly can spell disaster, however, especially if the terms of the contract are disputed down the line. If you feel you lack the knowledge to successfully negotiate a construction contract, ConstructionBusinessOwner.com recommends the following tips.

How can I prevent contract disputes from occurring?

If you're a business owner in Raleigh, you know that contracts play a huge role in achieving success. In the same token, contractual issues can lead to lengthy legal disputes, which will cost your enterprise time as well as money. There are steps you can take prevent contract disputes from occurring however, as explained by Inc.com.

What are the different types of construction contracts?

If you're involved in the construction industry in North Carolina, you're likely aware that construction contracts are an essential element of the process. Because these documents are so important, it's important for contractors to know the different types of contracts and what protections they can offer. TheBalance.com offers insight in a few common construction contracts, and why they're beneficial.

What damages can you seek in a breach of contract lawsuit?

A company has breached the contract between it and your North Carolina company, and it cost you. In fact, your bottom line has taken such a hit, you may be wondering whether your business will even recover. According to FindLaw, you may be able to recover your financial losses through a breach of contract lawsuit.

Contractual privileges given to government agencies

Securing a contract with a government partner is a big get for any company. Such organizations tend to be reliable, and your company's association with them will no doubt boost its reputation. Yet as many of the clients that we here at the Triangle Law Group have worked with in the past can attest to, there are certain risks that come with working with government agencies. One of these is the potential that they could walk away from your agreement for almost any reason (including those that you may feel are not justified). 

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