Reasons Your Business Might File a Lawsuit

Reasons Your Business Might File a Lawsuit

litigation
When you have been in business long enough, chances are that you will end up in litigation. It is part of the game for a business, and you should be prepared for eventual litigation. Here are three reasons why your business may need to sue someone. Breach of Contract When you sign a valid agreement with someone else, it gives you each rights and obligations under the contract. When someone breaks the agreement and does not do what they have promised, they can be sued. A court could order the person to either perform in accordance with the terms of the contract or to pay damages. In some cases, the other party may have a different interpretation of the contract. Intellectual Property Your business has intellectual property that could include:…
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Business Litigation FAQs

Business Litigation FAQs

litigation
Here are the answers to some questions that we are commonly asked about business litigation: Will My Case Go to Trial? Believe it or not, while litigation may be common, trials are actually rare. Most business cases will settle before the case actually goes to court. Even if one party files a lawsuit, the two sides will keep talking throughout the process. They may even end up opting for some type of mediation or arbitration to settle their dispute. What Are Common Causes of Business Litigation? The most common cause of business lawsuits is a contract dispute between the two sides. This could include: Differences in interpreting a term of the contractOne or both parties not living up to their obligations under the contractOne party denying that a contract exists…
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