Disputes Resolved Through Commercial Litigation
Commercial litigation is the part of business law that deals with business disputes. This business dispute may be one between two businesses or between a person and a business.
There are various causes that lead to commercial litigation, which are:
Contract Disputes
Contract disputes arise when one party does not follow the terms of the contract they had signed with another party. This is when the other party uses litigation to enforce the terms as they had first agreed. Contracts are either written or verbal. However, it is better to have a written contract to avoid contract disputes in the first place, as contract disputes are serious and can even threaten a business’s existence.
Partnership Disputes
Typically, partners of a business in a cooperative mien. It is after some time that disagreements over business decisions and work or profit sharing arise between the partners. With a well written partnership contract, it is possible to resolve these disputes amicably and even help partners extricate themselves from the business without destroying it.
Shareholder Disputes
There is always a chance of differences of opinions originating between majority and minority shareholders of a company. Sometimes, majority shareholders prevent the minorities from taking part in company decisions and sometimes, the majorities unfairly use company resources for personal reasons or abuse their power. In such cases, the minority shareholders have the chance of using commercial litigation to resolve these wrongdoings.
Employee Disputes
Employees at times feel that they are not treated fairly by the company. This could be regarding various factors like promotions, compensation, recognition for work done, discrimination based on gender, race and disability and sexual harassment. Sometimes even the employer may have some disputes with a current or past employee regarding theft of company ideas or properties or violation of their contract.
Whatever the dispute may be, a business lawyer will use commercial litigation to resolve these differences while ensuring minimum damage to the business, company and its reputation.
The Houston law firm of W. Matthew Waldrop specializes in commercial litigation and mediation. Â Before you enter into a partnership, protect your business and your rights with the proper contract. Initial consultation is free.
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