A commercial lawyer/attorney in Tulsa encompasses just about every type of transaction you can think of and many of the common areas are listed below. We help clients negotiate complex deals, write the agreements, and enforce them if necessary. Although the largest and most commonly used area of commercial law is contracts, it also includes a variety of special agreements and documents to support businesses and individuals who buy, sell, rent, lease, or otherwise engage in trade. This area of law covers, for example, checks, promissory notes, security agreements, and documents showing title to or possession of goods. It also governs the purchase, sale, and use as collateral of other types of Tulsa property, such as a business’ accounts receivable.
Commercial law provides a powerful and flexible platform to conduct business. However, it is also full of details, tricks, and traps. Even so, if you construct your deals with sound legal counsel, you may better protect yourself against liability or loss.
Contact Boston Avenue Law to discuss how they can help you better structure and negotiate your deals.
Here are some issues that may arise under commercial law:
Did your customer buy on credit? If you extended credit, did you get a promissory note or a credit agreement?
Who is responsible for the check that bounced? Was there an accommodation party? Did you get a surety agreement or a letter of credit? Was the bank correct to refuse payment?
Would you like to better protect yourself against the other party’s non-performance or other loss? Did you negotiate a security agreement?
If you are considering a security agreement, does the buyer have sufficient collateral to secure the outstanding balance plus interest?
You want to sell goods, but you are not confident in the customer’s credit. Have you considered a demand draft with a bill of lading? Can your customer obtain a satisfactory letter of credit?
If you bought goods with no room to store them, did you issue a delivery order and get a warehouse receipt? Did the seller move your goods or was a carrier used? Did the carrier issue a bill of lading showing who possessed your goods during all phases of transportation?
Was your loan sold to another party? Have you lost any rights?
Have you limited your liability and disclaimed excessive warranties in your standard documents?
You issued credit and obtained a security agreement but the other party has gone bankrupt. Now what?
Did the other party lie to you about the contents of a contract you signed? Did they make a promise based on your willingness to enter into that agreement? If so, what can you do?