3 Reasons You Should Consult A Commercial Litigation Attorney As A Business Owner
Posted on: 2 May 2017
When you are initially building your business, you usually don't suspect that legal issues will ever come about that threaten it. However, it is not at all uncommon for business owners to face commercial litigation at some point in their development and operation. The truth is, there are so many facets to business operation that legalities can become a concern at some point, and when they do, it can be scary and even threaten your entire business. The best way to be prepared for such situations is to arm yourself with knowledge. Here are a few examples of when hiring a commercial litigation attorney will be necessary.
You have issues with breach of contract with a client, business partner, or other entity.
At the foundational base of a lot of business operation lies a lot of paperwork, which means there can be numerous contracts involved. A few examples of business contracts that may be breached and will require legal action include:
- non-disclosure agreements with employees or suppliers
- supplier contracts
- contracts with people who could be considered partners or investors
If one or any of the contracts that are a part of your integral business operation are breached, it can bring about a whole host of problems and this delicate situation must be handled by a skilled commercial litigation attorney.
You are facing a class-action lawsuit.
Class action lawsuits can involve many individuals filing a suit against you as a group. If employees, customers, or clients band together and file a class-action lawsuit against you, you could be facing everything from demands for large sums of money to lengthy public hearings and appeals. A skilled commercial litigation attorney can help you wade through these tedious cases so all details are handled as they should be in a professional manner.
Your business ideas have been stolen by another company, business, or entity.
You probably went to great lengths to protect your business and the ideas that you have developed on your own to create it. However, occasionally, questionable situations arise where other people or businesses use your ideas, branding information, or even business trademarks or logos. because this property deserves rightful protection and defense, a good commercial litigation attorney is a good person to trust with this kind of case. They can help you file the proper notifications and lawsuits to retain your rights to intellectual business property which is rightfully yours.
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