Commercial Litigation & Business Law Attorney Houston, TX

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Commercial Litigation Attorneys Houston, TX

4 Reasons to Hire a Commercial Litigation Attorney Instead of Settling

During the course of running your business, you may be involved in a legal dispute with another business or an individual. The stress of a lawsuit can be overwhelming, and the clogged court system is set up to encourage out-of-court settlements. It may seem easier just to settle the dispute instead of hiring an attorney and going to court. There are four important reasons you should hire a commercial litigation attorney instead of settling.

1. Minor Disputes Can Quickly Escalate

In our increasingly litigious culture, something relatively minor can quickly become a larger issue. Unfortunately, if an individual or another business sees an opportunity to ask for more money, change a contract, etc., a previously agreed upon resolution may not be honored. According to Spinlaw, when you hire an attorney, you are establishing your business as one that takes even small matters seriously and won’t easily back down. Every lawsuit, no matter how frivolous it may seem, needs to be taken seriously. It’s important to have an experienced attorney in your corner that can effectively bring the dispute to a resolution as quickly as possible without letting the matter get out of hand.

2. Your Reputation May Be Damaged

You’ve worked hard to earn your reputation while building your business. Negative or untrue information, especially in the age of social media, can quickly damage a hard-earned reputation. Most lawsuits are filed because of economic reasons, not because someone else believes you’re a bad person. The results, however, can prove to be negative for you as well as for your business. An experienced attorney can help handle the information that is allowed to be made public during a legal dispute. If necessary, they can also advise you regarding any action you should take if false claims are made about you or your business.

3. You Need to Spend Time Focusing on Your Business

Trying to manage or settle a dispute on your own can mean putting forth a lot of time and energy. When weeks or even months are spent negotiating a compromise or a settlement, that crucial time is spent away from running your business. Even if you end up with a favorable settlement, your business may have suffered irreparable damage. A qualified attorney knows that during this difficult situation you should focus on what you do best, which is overseeing the day-to day activities of your business. Simply knowing you have an experienced litigation lawyer handling all your legal issues will lessen the stress and help you stay focused on keeping your business as successful as possible.

4. To Protect Your Business and Finances

A legal dispute that’s not handled correctly could ultimately cause you to lose a large amount of what has taken years to accumulate. Settling an issue without the counsel of an attorney could even cause such a financial burden that you may lose your business. Legal terms and documents are often difficult to understand, even for a seasoned businessperson. An experienced commercial litigation lawyer will put the focus on protecting your business interests. Entrepreneur suggests that businesses should retain the services of a qualified attorney even if they aren’t currently facing any legal problems. When a breach of contract, a regulatory dispute, or any other type of business-related legal problem arises, you will already have legal counsel in your corner.

No matter how small a matter may seem, it’s often in the best interest of a business owner to consult a litigation attorney instead of quickly settling. Taylor Law Group specializes in the areas of real estate law, business law, and commercial litigation. They have experience handling the variety of legal disputes that can occur between businesses and individuals. Contact Taylor Law Group for more information regarding your legal situation.

What Is a Quitclaim Deed and When Would I Need One?

Real Estate Attorneys Houston, TX

Image courtesy of Jimmy Joe

You may encounter a situation where you need to transfer a property without going through a sales process or when you know the sellers involved. A quitclaim deed gives you a way to move your ownership interest quickly to another person, such as a family member. Typical scenarios involving this type of deed include parents gifting their children a house, one-half of a divorced couple getting rid of their interest, a new spouse getting added to the deed or when an estate goes to an heir after a death. You need to understand the real estate law basics concerning a quitclaim deed before you decide on using it instead of other property deeds.

Differences From Other Deeds

All deeds help a grantor move property ownership to the grantee, but they take different approaches to the process. The most common type you see in real estate is called the warranty deed, which you use in a typical house buying process. This deed confirms the grantor is the legal owner of the property and that no liens exist on the title. Title insurance and a title search give you the reassurance that no one else can claim this property after you gain ownership.

The quitclaim does not give you the same protection, which is why most people avoid using this document unless you already know the grantee. Quitclaims don’t take as long to process since you skip the insurance and search, but you also don’t get any confirmation that the grantor actually holds ownership. You could end up in a situation where someone else has a title claim, and you didn’t get anything conveyed with the deed.

Quitclaim deeds also function as a way to fix title defects without going through an extended process. Add signatures, correct the legal description of your property or make other small changes using this type of deed.

Quitclaim Deed Process in Houston, Texas

If you decide that a quitclaim deed is the right choice for your property transaction, you must go through a specific process to record this deed in Houston, Texas. The first step is creating a quitclaim document that lists the grantor, grantee, the description of the property in this transaction and a statement that the grantor conveys any property rights to the listed grantee. The names and addresses of both parties should be listed on this document.

Once this document is witnessed by two people and signed, you take it to the Harris County Clerk’s Office to record it. While you don’t need to transfer money to execute the quitclaim deed, you do need to pay for the recording. Determine which party is going to handle this cost before the transfer. The first page of the quitclaim deed costs $16, while any subsequent pages add $4 per page onto the price.

Harris County’s courthouse does not offer a standardized document for quitclaim deeds. While you can find templates online, you may forget to add critical details that could cause additional recording costs or legal trouble down the road. Consider reaching out to professionals with a background in real estate law to help you with this process. A quitclaim deed offers you an inexpensive and fast way to work with grantors and grantees you already know, but that doesn’t mean you don’t need help from people experienced with this type of document.