According to a recent estimate, there are more than 30 million businesses in the United States. They range from small mom and dad stores to franchises and giant global corporations. And they all have one thing in common. If you have a problem or dispute, you should contact a commercial litigation lawyer.
Also known as corporate or business law, commercial law is a huge body of law that covers commercial transactions. Unless the defendants’ actions are particularly atrocious, it is considered a branch of civil law, which means that these disputes are almost always handled in a civil court. Of course, the vast majority of these cases never reach the courts. The experienced commercial litigation lawyers are often able to negotiate agreements that are acceptable to both parties.
There are many reasons why business owners contact a commercial litigation attorney such as the following;
Class action suits
Disputes between partners
Disputes over non-competition clauses
They are also often called upon to oversee the merger of two existing companies. An experienced business litigation attorney can help by reviewing employee contracts and stock sales and making sure that sales comply with state and federal laws.
After years of cuts during the economic downturn, the companies are finally starting to expand again. Those who seek to globalize often face opposition from their partners or other stakeholders. The larger the proposed expansion, the greater the likelihood of a clash between partners or a conflict requiring legal action.
More often than not, commercial litigation involves two or more companies struggling for money or other assets. The dispute may include the misuse of intellectual property such as patents, copyrights or trademarks or antitrust violations, which involve monopolizing a line of business. However, other cases are dealing with fraudulent practices and misleading commercial or securities law violations, which can be very serious. There could also be the abuses of trust issues that arise when a company fails to fulfill its fiduciary duties.
Millions of companies file insurance claims every year in the United States. A substantial part of these claims are unfairly denied. Insurance companies often use confusing terminology and/or wording to avoid the making the due payments and it is the stage where a business litigation lawyer can help you.
When it comes to finding the right person for work, the first thing to keep in mind is experience. Commercial law is absolutely huge legal body. It is not that a lawyer can simply get into. It must be the lawyer’s main area of practice. It takes years of experience to understand the intricacies of these legal cases and strong negotiation skills are a must if you seek to resolve the case as soon as possible. It is often a good idea to seek an attorney who has excellent reputation in a particular area of commercial law such as contractual disputes or collective suits. I would recommend you to visit K. Krispen Culbertson, Esquire to hire the best commercial litigation lawyers.