Disputes That May Require Business Litigation
Operating a company can be incredibly complicated. As a business owner, it will be important to carefully navigate situations to mitigate business disputes. Reducing the likelihood of business disputes can be best managed with regular legal counsel. Litigation can be costly for a business, enduring legal entanglements can be best managed with a Chicago, Illinois business litigation attorney. Common business disputes faced by businesses today include:
Partnerships are a common way of forming a business. Partnerships often involve two or more parties who decide to go into business together. When forming a partnership, it’s important to have a clear partnership agreement in place to help make key decisions and manage disputes. Managing disagreements over a partnership can be detrimental to a business. Especially when they are left unresolved. When business owners disagree, it can severely impact the functioning of a business and ultimately result in the dissolution of the partnership. Some common examples of partnership disputes are:
- Financial disputes
- Workload distribution
- Breach of contract
Having a Chicago, IL business attorney from The Patterson Law Firm, LLC help create a plan amongst partners can be key in mitigating the risk that comes with a partnership dispute. If an attorney clearly outlines your business plan or partnership agreement, this can help in the event litigation is required.
Breach of Contract Disputes
A contract is an agreement that two parties enter into. When one party fails to uphold their end of the contractual agreement, they stand to be in breach of contract. Breaches can occur when one party:
- Fails to uphold their end of the agreement in a timely manner
- Fails to perform in accordance with the agreement outlined in the contract
- One party does not perform the agreed upon services
Often, when a breach of contract occurs, there can be a significant financial challenge that may result. The situation may require legal action in order to reach a resolution.
Disputes involving employers may arise when a business does not uphold laws regarding employment. Problems surrounding employees should be carefully managed. In many cases, when a business is well versed and knowledgeable in employment law, issues that arise may be more manageable for both the employee and the business. Examples of common disputes involving employees are:
- Sexual harassment
- Employment discrimination
- Minimum wage and overtime
- Disability discrimination
- Workplace safety
Having a business litigation attorney advise a business owner or company regarding employment law can help to ensure that they are not making a misstep or acting illegally towards an employee.
Intellectual Property Disputes
Intellectual property involves people’s creative innovations or ideas. As a business owner, it’s not uncommon to have ideas that may be the focal point of a business. In some cases, these creations can also be the reason a business experiences financial success. It will be key to safeguard intellectual property with the help of a business litigation attorney from Chicago, IL. In case you were wondering, intellectual property deals with:
- Trade secrets
As a business owner, it’s important to protect intellectual property. If you fail to do so, this can result in someone infringing upon your intellectual property and may require litigation.
Business disputes that require litigation can be costly and incredibly damaging for a business. For assistance, working with an attorney regularly can help when faced with the complexities of owning a business. Additionally, a business litigation attorney can provide key counsel should business owners face legal proceedings.