Common Disputes Occurs when Business Litigation Used

In business, disputes often arise and if they can’t be solved through negotiations or arbitration proceedings then business litigation...


In business, disputes often arise and if they can’t be solved through negotiations or arbitration proceedings then business litigation can be used as a way to remedy the situation. 

Some of the common types of business litigation are breach of contract or shareholder and partnership disputes. So for example a breach of contract would mean someone had a contract with a person or entity and they violated that contract and as a result of that the business suffered damages. Here are a couple of examples of common disputes that occur.

Investments and Finances

When dealing with Finances and investments disputes can come quite easily. Many people are concerned with their finances and investments. So anyone who suspects that their investment broker might not of acted ethically can bring business litigation against brokers who aren’t acting in the best interest for their clients. A broker doing so is most likely also performing investor fraud too.

Patents, Trademarks and Copyright

You can also have grounds for business litigation if an individual or business infringes on your patent, trademark or copyright. You could fly under the radar years ago and infringe on someone's patent without anyone knowing and if they did the cost of chasing that up was too much to pursue. However there are more patent lawsuits filed each year now as it's easier to find out if anyone is infringing on it. It is also a bit easier these days to go to court over Business Litigation matters.

Breach of Fiduciary Duty

Breaching your fiduciary duty can result in business litigation and cause a massive strain between your partners or shareholders. If a member doesn’t operate in good faith or isn’t loyal to the business the other partners can bring business litigation to recover. 

Breaching a contract is one of the more common breaches. There are four types of breaches when it comes to contracts. You’ve got a minor breach, fundamental breach, material breach and a Anticipatory Breach. A minor breach could be something like getting a friend to build you a site. If the friend built the website but it looked pretty rubbish or had some problems you can’t really sue them on their performance. However you can sue them for monetary damages caused by the badly built site or try get them to fix the website. A breach like a material breach is more serious. It's more like when a member of the party doesn’t complete a duty that was set out in the contract. 

Insurance Disputes

If commercial insurance companies deny or don’t give you the correct value for a claim then you can recover with business litigation. Insurance companies will often try avoid paying for a full legitimate claim or try not pay at all. 

Also Read: 10 Important Tips for Taking Your Business Online

There's quite a few other reasons you might need business litigation for. Having a good business litigation attorney can be invaluable in protecting your company's best interest and your rights. 

Finding a good business litigation lawyer

When you’re patents being infringed on or a client isn’t holding up their end of the deal you’ll want a trustworthy, experienced lawyer that will fight your case for you. Here's a couple of tips on finding the one right for your case. When you’re trying to find a good business litigation lawyer you really should search around and scope each lawyer out. Don’t just go with anyone, ask friends for referrals, check out their LinkedIn or other sites online. Choose experience over price, an experienced attorney doesn’t just know the law inside out, they’ll also have a network of resources that your case can utilise. Trust us when we say a cheaper attorney will end up costing you more in the long run! You can look at Goodwin Law if you’re stuck!

COMMENTS

Name

Business,28,Finance,16,Infographics,20,Internet,23,Technology,24,
ltr
item
Vyas Infotech: Common Disputes Occurs when Business Litigation Used
Common Disputes Occurs when Business Litigation Used
https://3.bp.blogspot.com/-YWNgXbt8lzU/WbOL-OoRpZI/AAAAAAAAHVw/Anw5uy1AJxIV64LnXIeqdR-a79PT8XHlgCLcBGAs/s640/business%2Blitigations.jpg
https://3.bp.blogspot.com/-YWNgXbt8lzU/WbOL-OoRpZI/AAAAAAAAHVw/Anw5uy1AJxIV64LnXIeqdR-a79PT8XHlgCLcBGAs/s72-c/business%2Blitigations.jpg
Vyas Infotech
http://www.vyasinfotech.com/2017/09/common-disputes-occurs-when-business.html
http://www.vyasinfotech.com/
http://www.vyasinfotech.com/
http://www.vyasinfotech.com/2017/09/common-disputes-occurs-when-business.html
true
5236136159781716145
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy