Commercial Litigation Lawyer
When you own a business, facing a lawsuit is likely your worst nightmare. It can cost you a lot of money and possibly harm your company’s reputation. However, businesses face lawsuits every day. If you recently found out that you are being sued, you should contact a commercial litigation lawyer as soon as possible.
Here are some common reasons for commercial litigation that you should know about.
Breach of Contract
When you own a business, you are bound to enter into contracts with multiple parties. While you would like for all of these contracts to work out, they do not always do. One or more parties may breach the contract. For example, if one party does not think that one party has fulfilled the duties of the contract, they may decide to file a lawsuit. To reduce the risk of contract disputes, you should make sure that the terms of the contract are clear and concise. Have a lawyer review the contract before you sign it.
Intellectual Property Infringement
When businesses create a new product or service, they must protect it by filing for a patent. Otherwise, as the legal professionals at Eric Siegel Law can confirm, other parties can try and steal your work. If intellectual property is stolen or mishandled, it can lead to a lawsuit.
Employment Issues
Once your business gets big enough, you will likely hire multiple employees. Sometimes employees file lawsuits against their employers for various matters, like harassment, discrimination and wrongful termination. For example, if a black employee is repeatedly harassed for being a person of color at work, he or she may decide to file an discrimination lawsuit. Every worker has the right to feel safe and respected at their workplace. To avoid these types of lawsuits, employers should learn about discrimination law and educate their workers about it.
Shareholders
Businesses that have multiple shareholders may have a higher chance of disputes. Shareholders may not agree on every matter, which may result in disputes. They may not hold up their fiduciary duties or misuse company funds, for instance. Shareholder disputes can be minimized by drafting clear agreements that everyone understands.
Why You May Need to Hire a Commercial Litigation Lawyer
If your business has recently been sued, it is important to consult a commercial litigation lawyer. A lawyer can review your case and advise you the best way to proceed. He or she can save you time and money and protect your company’s reputation.
If you have a skilled lawyer on your side, you also will be able to concentrate on your day-to-day business operations instead of worrying about legal problems. This will help your company stay afloat.
In addition, a lawyer can point out potential legal problems your business could face in the future and help you nip them in the bud before they get out of hand.
Schedule a consultation with a commercial lawyer today to talk about your case in detail.