With the ever growing number of players in the business field, disputes are bound to emerge. Such differences emanate from relationships between an entity and other stakeholders in their field. Litigation is more often than not used as a solution platform for disgruntled parties. Engaging a commercial lawyer could be helpful in minimizing disturbances in your business operations, while pursuing a favorable outcome. A Commercial litigation lawyer addresses the following areas of dispute within the normal operations of a company. To learn more, please visit the Elliot S. Birnboim website.
1. Debt Recovery
Companies require their debt to be paid in full to continue their operations. In some situations, an entity may face challenges in recovering its debt. It may employ two other alternatives. The first involves hiring the services of a corporate debt collection agency. Its tasks border around establishing mechanisms to reclaim the debt on a company’s behalf. Opting for a litigation process is the second option an entity could consider. In this choice, the matter could be presented before a court of law by the commercial litigation lawyer to reclaim the sums owed. It is important to settle for a method that best suits your business situation.
2. Employment Disputes
Any disagreements between a business and its employees could hamper its operations. Most of these disputes arise from employees demanding better terms of service, an improved working environment, or seeking address on discriminatory issues, among others. Commercial litigation lawyers help in arresting and addressing these matters. In the event that mediation efforts do not achieve a way forward, employees may seek legal alternatives to settle the disputes. An entity would require a lawyer to argue their case in a court of law.
3. Breach of Contract
A breach of contractual terms refers to a situation where one party does not honor its obligations as per the contract. A company stands to lose business in case of a breach in contractual engagements. Litigation has proven to be useful in resolving such matters.
4. Fraudulent Practices
Deceptive practices refer to intentional or unintentional activities that are illegal or unethical. Several entities have fallen victim to dishonest undertakings that affected their operations. Companies have closed down, and others have had to part with hefty penalties for their wrong doing. It is important to have your business’s operations mirror the operating standards in the field.
5. Regulatory Disputes
Every industry has an oversight institution and all businesses ought to comply with the regulations set. The primary role of the oversight authority is to ensure that all business conform to the industry’s best practices and stipulated guidelines of operations. Any activity in violation of the set guidelines is in itself an illegality that the authorities can seek legal actions against the entity.
Ideally, some of these disputes can be resolved outside the court process. However, reaching a consensus proves to be a challenge. Litigation has become a favorable alternative for many to address these issues. As a business entity, engaging a commercial litigation lawyer is in your best interest.