Business is booming in Dallas. Continued growth from local companies and a steady influx of new business are driving up population, wages and sales.
According to the Dallas Regional Chamber of Commerce, the real gross product in Dallas is growing at a rate of 4.26%. These trends are likely to continue. More growth usually means more deals, and that means more opportunities to improve the contract drafting process. Here are ten things to remember:
1. Forum/Venue Selection. The biggest mistake businesses can make when drafting contracts is not having a binding forum/venue selection clause. Recent developments in the law make this trickier than you might thin. A valid forum/venue selection clause might not prevent litigation, but it might make the difference is whether you win or lose.
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