Experienced Business Law Attorney Serving Waco
The Law Offices of James M. Johnston, Jr. PLLC represents clients in a
variety of business law matters. We are committed to protecting the interests
of our clients, and our firm can discuss your options and walk you through
the legal process. Business transactions with third parties can be complicated.
We can help you understand the situation and develop a strategy to help
you seek a favorable outcome. Call our Waco business law lawyer today
at (254) 791-5622 to learn more about our services.
What You Need to Know About Third Party Transactions
Third party transactions involve a buyer, seller, and independent third
party. Whether you own a small start-up company or a medium-sized business,
third party transactions can provide many benefits. Third parties include
online auction-payment facilitators and payment organizations like Paypal
and Venmo, who facilitate the transfer of money from the seller to the
buyer with a small fee.
Benefits of third party transactions include:
- Easy transfer of money
- Online security of payments
- Cheaper fees than merchant accounts
- No monthly fees or minimums
Legal issues with third party transactions occur when the third party breaks
a contract, or when a conflict of interest arises. It is important to
understand the terms of your agreement with a third party payment facilitator,
and to check the security of online payments. Conflicts can lead to lawsuits
and other legal issues that can hinder your business’ ability to
continue operation. If a conflict arises, our experienced Waco business
law attorney can discuss your options and represent you from start to finish.
Passionate Legal Assistance for Business Law Cases
Transactions with third parties allow companies to sell products in an
efficient and easy manner. However, when legal issues arise, it is important
to seek representation right away. At the Law Offices of James M. Johnston,
Jr. PLLC, we have guided many clients through the Texas legal system.
Contact our firm
today to schedule a free consultation.