If you are a business owner or an executive at a large business, your biggest duty is to ensure that the business stays afloat. As such, it's important that you avoid any sort of legal issues or disputes. This article will list three reasons why you and your business may want to consider hiring the help of a commercial litigation attorney.
Shareholder Issues
When you are a majority shareholder in a business, you may run into more than a few issues; especially when it comes to making big executive decisions. Typically, majority shareholders have a lot at stake including making large decisions regarding partnerships and finances, and if majority shareholders don't agree on something, then it may lead to a legal dispute; that's where a commercial litigation attorney comes into play. A commercial litigation attorney can help manage these disputes and act as a mediator, so things don't get out of hand.
Breach of Contract Cases
In the legal world, a contract can mean everything. Having a contract in place protects your business, yourself, and everyone else involved. If you have a contract with someone and they back out on anything in it, that's called a breach of contract. A breach of contract, especially if the contract was large, can mean a lot of things for your business which is why having a commercial litigation attorney on your side will be helpful. An attorney will usually start out by writing the person who breached the contract telling them that they need to finish their contractual obligations and if they don't, then it will usually go to court.
Joint Venture Disputes
Starting out a business with a friend, family member, or business colleague can be exciting and may seem like the best thing to do; and it may be. However, once you get your business off the ground, then you may start experiencing some disagreements and problems with your partner. If you and your business partner aren't able to come to an agreement, you may be at a loss as of what to do. However, with the help of a commercial litigation attorney, they can help you manage these problems and come to an agreement without ever having to step into a courthouse.
Does hiring a commercial litigation attorney sound like something that could help your business succeed? If so, contact some commercial litigation firms near you and start interviewing them so that you can find the best one for you.
Share4 July 2018
