Commercial litigation is a broad term that refers to any kind of dispute that comes up in business. That means that you could need help with commercial litigation if you work with an employee who violates their contract, a third party who doesn't hold up their end of agreements or others.
Whether you have partnership disputes, shareholder problems or a breach of contract to deal with, you will likely need to work with an attorney to resolve the issues that have come up.
When should you work with a business attorney?
It's wise to work with a business attorney from the day you start your business. You'll want to make sure your business has the basic set up that will make it successful along with contracts and paperwork to protect you and your business from liability.
Attorneys also help with annual business forms and filing taxes for businesses, so they're always good to have on your team. However, they are perhaps most important when it comes to litigation.
Imagine that your business is facing a lawsuit over a business decision you made or because of a shareholder agreement. Your attorney, already familiar with your business, will be in a great position to help you understand the risks to your business caused by the other party's lawsuit. Similarly, if you decide to file a lawsuit over a breach of contract or other issue, you want to know that someone is there with the experience to support you.
What should you do if you are facing a breach of contract?
One of the most common issues in business is a breach of contract. These can harm business relationships and be threatening to your business's bottom line. If you find that a third party is not upholding their end of an agreement, you should try to work through your differences with them directly.
However, if they are unable to come to an agreement with you that you can both be satisfied with, then it's a smart move to talk to your attorney and look into taking them to court over their breach.
No two businesses are the same, even though they may seem to be similar to those on the outside. Your attorney can help you build your business and protect it from the ground up, so you have the documents and contracts you need to protect it against litigation and broken contracts.