Businesses are often built upon a foundation of strong contract agreements with partners outside the company, such as suppliers and vendors. Perhaps the supplier is hard to work with, but they offer quality hard to find products necessary for running a business....
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Business Litigation
Common misconceptions about business litigation
Most business owners and executives, much like the general public, would prefer to stay out of the courtroom whenever possible. Sometimes, even those who would benefit from having a judge intervene on their behalf in a business dispute will put off taking a matter to...
You can fight a breach of contract lawsuit
Smart and savvy businesses weigh various factors before entering into agreements with others. Despite a vigorous vetting process between them, one may accuse the other of breach of contract and take it further by filing a lawsuit seeking damages. Still, the defendant...
Standard lawsuit options for shareholders
Shareholders have their reasons for investing in companies. Typically, they hope to make money, believe in the public company's products, and trust the corporate leadership to perform their duties. Buying ownership in the company also gains legal rights and...
How can litigation address a breach of contract?
Contracts are the lifeblood of all successful businesses. They may involve deliverables, costs, deadlines and other conditions. Indeed, companies use them to make other contractual commitments. This interconnectedness means that a single breach can lead to further...
What can a partnership agreement do during a dispute?
One of the most important things to do when starting a partnership as your new business is to create an official partnership agreement. This is a binding contract that helps to define your company and your relationship as it gets off of the ground. For instance, it...
Do corporations need to announce they face litigation?
Publicly held corporations must regularly issue financial reports that accurately reflect the business's health. If litigation is on the horizon and could impact the bottom line, the company should include this information in its report. Failure to do it risks fines,...
How to protect your business during litigation
To run a smooth and reputable business, you have to do everything in your power to limit risks. Yet, there’s only so much one person can do to protect their business. Clients, vendors, partners, employees and suppliers can take legal action against your business at...
How can a partner’s divorce affect our company?
Business partnerships are much like a marriage, especially when there are two co-owners. Regardless of how many partners there are, the others should generally try to support the one going through a divorce. Depending upon their marital arrangement and the business's...
What is civil litigation?
There are many different types of law, but the two main branches are criminal law and civil law. Criminal law involves misdemeanor and felony charges with penalties issued to those convicted. Civil law is different – instead of jail sentences, the plaintiff and...