Commercial litigation is a very broad field of law and it encompasses any type of litigation that involves business issues. Commercial litigation is a growing field. The trend of booming at-home businesses, small businesses, and diversification of existing businesses spurred its growth. The types of issues found are diverse. Below, we give a brief overview of frequent issues in commercial litigation.
Intellectual Property Litigation
The intellectual properties businesses develop are the lifeblood of many businesses. The copyrights trademarks and patents companies secure for their products are often worth millions. They may be the main revenue source that keeps companies afloat. One source of litigation is securing intellectual property through government processes, and another source is defending or prosecuting intellectual property infringement. A great example of this is the litigation between Apple and Samsung in courts all over the world. Apple claimed Samsung stole design technology of smartphones and tablets. As a result, Apple claimed billions of dollars in damages and both parties won and lost some cases.
Corporate and LLC Litigation
Everyone can have a corporation or an LLC. Businesses owe duties as a matter of law, whatever the entity and there are many areas of conflict possible under the umbrella of corporate litigation. Even though many corporations today are smaller than in the past, they still face the same issues as mega-corporations.
Some of the most popular restaurants in the country started out as single locations. Through franchise agreements, new restaurant chains are being built across the country. But, there is a huge amount of legal wrangling in creating franchises to sell and in purchasing one. Of course, there are franchises in existence other than restaurants and the investment and potential payoffs are enormous. Franchise agreements are complex legal documents that control everything. Because of this, litigation may arise when there are violations of the agreement. Typical allegations include lack of support from the franchiser, franchisee use of unapproved suppliers, and more.
The world of commercial litigation is very complex. If your business is facing commercial litigation, you need experienced representation. Our attorneys will guide your business towards success during this process. Contact us today at (312) 223-1699 for a free consultation. If you would like to learn more about commercial litigation, visit our practice areas.