Reasons Your Business Might File a Lawsuit
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:…