Negotiating Construction Contracts .by Attorney Laura Fowler

Tuesday, June 5, 2012

Without a doubt, in Texas, the construction industry is beginning to boom again, both in the private and

public sectors. Not surprisingly, all manner of business entities are seeking work and contracts. Some

are real, some are unreal and some have great skills but not a clue about their current business

configuration. Your author of late has been asked to help a number of parties to construction contracts

literally dig out from under bad mistakes they easily could have avoided had they taken a little more

time and asked a few more questions. These are not mistakes that they needed a lawyer to avoid making.

These are mistakes they could have avoided if they had followed the advice provided below. We hope

these remarks prove helpful to you.

l. The parties to the contract MUST be authorized to do business in Texas.

No matter who you think you are dealing with, no matter how many times you are have dealt with them

in the past, the history of your relationship cannot be relied upon without independent verification. The

speed and stealth with which design firms, general contractors, subcontractors, suppliers and owners

convert from one legal or business entity into another can take your breath away.

Full Article Link Here: http://bit.ly/M3O5Y0

Jim Young

Sabot Development, Ltd

512-565-7509

Jim's Real Estate - Finance Blog