Business or commercial litigation is when a business is involved in a legal dispute. Business law can be quite complex with many different types of lawsuits. It is best to speak with an experienced attorney who can understand your business and lead you through the litigation process.
Commercial LitigationThe terms “business” and “commercial” have the same meaning in terms of the type of litigation and are used interchangeably. A commercial litigation can be between an individual and a business or between two businesses. Basically, this kind of litigation involves disputes that originate from commercial relationships, including a claim against a business, a government entity, or groups of individuals. These issues are usually complex. Given that lawsuits are public records, a commercial lawsuit can create a potential public relations issue for a company. The reputation of a company is one of its most important assets, so the possibility of a lawsuit damaging a company’s reputation and causing financial damage is at top of mind for a company’s owner. Being able to handle a dispute effectively throughout the litigation process is of utmost importance.
Common Types of Commercial LitigationThere are many different types of commercial litigation and many situations in which this kind of dispute resolution is necessary. Understanding the common types will help protect your organization from these legal issues. Business disputes often include these:
- Breach of contract
- Breach of fiduciary duty
- Business collections
- Class actions
- Trade secret disputes
- Civil litigation
- Insurance disputes
- Partnership disputes
- Shareholder to shareholder disputes