Commercial litigation is a part of law which deals with disputes between businesses. It could be between two companies or between two individuals or a business.
There are a variety of factors that cause commercial litigation include:
- Contract Disputes- It occurs when a party fails to comply with the conditions of the contract they made with a different party. This happens when the opposing party seeks legal action to enforce the contract that they initially agreed to. Contracts can be in writing or they are verbal. However, to avoid any contract disputes, you can hire a commercial dispute lawyers.
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- Partnership Disputes- The majority of partners in an organization within a cooperative relationship. After a certain period, disagreements but working decisions and profit sharing between partners. If you have a properly written agreement, it’s possible to settle the disputes in a peaceful manner and assist partners in removing themselves from the business without ruining the partnership.
- Shareholder Disputes- There is always a possibility of disagreements of opinion arising between minority and majority shareholders of a corporation. Sometimes majority shareholders block minorities from taking part in the company’s decisions. Sometimes they utilize the company’s resources to benefit themselves or misuse their authority. In these instances, minor shareholders can avail of pursuing commercial litigation to settle these issues.
Whatever the issue, lawyers for business will employ commercial litigation to settle these disputes while doing the least harm to the business or company as well as its reputation.