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Contract Law

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Texas Contract Law Attorney

Protect Your Business with a Team That Handles High-Stake Situations

Contracts are an integral part of any business; a well-written contract can have a significant impact on the success of your company and help you avoid potential problems. If you are starting up a new business, a contract will help establish and define your business needs and guidelines. If you are in the process of acquiring a new company or need help revising or drafting additional contracts, our Houston business attorneys can help.

Our legal staff has experience in the development of numerous contracts and agreements, including:

  • Business sales
  • Purchase and sale of goods and services
  • Brokerage agreements
  • Agency agreements

If you are a small business owner, you may be tempted to copy another company's contracts. However, most companies are better served with legal documents drafted to suit them. In fact, a contract can help you avoid potential lawsuits, employee problems, and other conflicts. To learn more about protecting your interests with a competent contract lawyer, contact our team at Arnold & Itkin for a free, confidential consultation.

Contract Law FAQ

What are the key elements of a valid contract?

For a contract to be legally binding, it must have certain elements. Because contracts play such an important role in business transactions and operations, you must be certain that your company’s contracts are sound—and protect your interests.

There are five key elements to a valid contract:

  • Mutual assent, achieved by a shared understanding of the contract.
  • Offer and acceptance, in which both parties communicate their intent to enter a contract.
  • Consideration, wherein both parties mutually exchange something of value to make the contract legally binding. Some contracts can be one-sided, however, with one party offering a promise and the other consideration.
  • Capacity, which means both parties are of sound mind and are legally able to enter a contract.
  • Legal purpose, meaning the contract should be created for a legal reason, not an illegal one. A contract to commit a crime, for example, would not be recognized in a court of law.

As Houston contract law attorneys, we know precisely how to draft, review, and litigate contracts in such a way as to protect our clients’ best interests.

What should I do if I’ve been accused of a breach of contract?

The first thing you should do is contact an attorney. Allegations of a breach of contract are extremely serious and may put you at risk of facing a lawsuit that would demand restitution for the supposed breach. Attempting to defend or explain yourself may only backfire, giving the opposition more ammunition to use against you. Even if you are in the right, you need a legal professional who can develop and present your case in a clear and convincing manner. That’s what our team at Arnold & Itkin does for our clients—and we may be able to do the same for you.

What are some remedies for a breach of contract?

If you were the victim of a breach of contract, various remedies might be available to you. These may come in the form of monetary damages and equitable relief, depending on the type of breach and the losses you’ve experienced. Compensatory damages, punitive damages, and restitution may cover financial losses that you’ve experienced. If monetary damages will not properly remedy the situation, the court may order the at-fault party to do or to refrain from doing something. These equitable remedies may include specific performance, contract performance, or contract rescission (cancellation).

Protection During Disputes & Breaches of Contract

If you want your business to remain strong and insulated from disputes (which almost always come up if you do business for long enough), creating a strong contractual framework is key. Most entrepreneurs and veteran business owners alike see their venture in the long-term; few owners want to build a short-term business.

But the reality is this: most businesses will end due to outside circumstances, and contract litigation is one of the most fatal events a business can suffer. Start-ups and first-time business owners sometimes talk themselves out of getting a contract lawyer during the early days of a major deal to "cut costs." We'll be the first to tell you: there's nothing more costly than having to hire a lawyer because a contract was unenforceable, weak, or non-existent.

Changing Your Business Contract

If you have existing contracts but feel they may need to change to suit the evolving needs of your business, our business attorneys can review the documents in question and provide a thorough evaluation and clear set of recommendations. Our business law attorneys can identify potential problems that are not adequately covered in any contractual documents and help you minimize risks before they create complications down the road. We are experienced and ready to handle all of your business and commercial needs. If you need representation or have questions, we can help provide you with the right recommendations to protect your company.

Contact a Houston business lawyer for a free case evaluation.

Case Results

Check Out Our Victories

  • $8 Billion Top 3 Largest Jury Verdict in U.S. History Arnold & Itkin LLP tried a Risperdal case against Johnson & Johnson for failing to warn about one of the drug’s most damaging side effects: gynecomastia. Our skill, hard work, and dedication resulted in the third-largest jury verdict ever obtained ...
  • $357 Million Largest Workplace Accident Settlement in Texas history Arnold & Itkin LLP secured a massive nine-figure settlement against a transnational corporation for a workplace incident. The settlement set a Texas record for being the largest personal injury settlement in the state’s history.
  • $222 Million Record-Breaking Verdict for Widow Our firm won $222 million for a woman who lost her husband in an industrial accident caused by a faulty valve. We took the case to trial because the at-fault company refused to take responsibility. The jury saw through the corporate lies and double ...
  • $205 Million Confidential Settlement Obtained for Numerous Clients Arnold & Itkin reached a record $205,000,000 settlement on behalf of clients after several years of hard-fought litigation. The case settled just before trial was set to begin.
  • $171 Million One of the Largest Confidential Settlements in History Arnold & Itkin worked over the course of several years to represent clients in a case that many other law firms turned down. In the end, we were able to obtain a record-setting confidential settlement of $171 million.
  • $117 Million Largest Single-Event Personal Injury Verdict in Louisiana History Arnold & Itkin represented a pregnant woman who experienced stomach pain and called Acadian Ambulance. The driver of the ambulance drove the ambulance into the back of a sugar cane truck causing the plaintiff's spine to be severed at T4 and for her ...
  • $116 Million Confidential Settlement Arnold & Itkin LLP negotiated a massive nine figure settlement on behalf of their clients after several years of hard fought litigation.
  • $110 Million Record Settlement Achieved for Victims of Defective Products Arnold & Itkin obtained a record settlement for individuals harmed by defective, dangerous products. The result exemplifies our commitment to clients and justice for those seriously injured by the conduct of others.
  • $105 Million Record Settlement for Dangerous Product Victims Arnold & Itkin’s legal team helped represent those harmed by dangerous products. We were successful in recovering a $105 million settlement.
  • $97 Million Massive Settlement Secured for Refinery Workers Arnold & Itkin is proud to share that after months of preparation for trial, our firm was able to secure a huge settlement for clients who were injured in a refinery fire. Find out more now.
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