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September 2018 Archives

Contracts can control costs in construction projects

It is often possible to mitigate risk in the future with careful contract drafting. Clearly-defined agreements, fairness and good communication help parties avoid Texas construction contract disputes. Among the ways contracts can be used to mitigate future risk are by clarifying unallowable labor, defining change order reporting, setting rates and caps on equipment and including bidding procedures.

How blockchain technology may affect commercial real estate

The commercial real estate market in Texas may be changing, at least when it comes to how transactions are conducted. This is because of new technology referred to as blockchain, a digital ledger that works on a decentralized system. It's an appealing method of exchanging funds because it basically cuts out the middleman with digital contracts. However, there is still some debate over just how this form of encrypted digital technology will impact the commercial real estate world.

Business owners can prepare for litigation

Texas business owners may face disputes that arise out of customer issues or contract problems. When the threat of litigation arises, it is important for businesses to protect themselves and prepare for the future. Litigation doesn't need to hurt the company seriously, and taking steps can help firms to handle it properly. By working with a business lawyer, companies can develop a plan to address serious issues as they arise.

Youth culture is changing real estate

When Texas real estate developers consider new projects on the horizon, they may be influenced by the appeal of youth culture. Generation Z, which is the generation after the Millennials, includes people born in 1996 or later. While many of these individuals remain too young to be significant investors, buyers or tenants of commercial real estate properties, the oldest members are graduating from college, entering the workforce and developing their portfolios. In addition, youth appeal now can mean long-term viability for projects in the construction pipeline.

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