Do You Need an Attorney to Solve Business Disputes?

Do You Need an Attorney to Solve Business Disputes?

In the world of business, disagreements are just something that comes with the territory. Whether it’s a client conflict or contract dispute, there is always a problem that needs to be solved. Resolving business disputes can be tricky, especially if one or both parties are agitated about the dispute. In most cases, it’s helpful to have an attorney to help resolve disputes of all sorts. Read on to learn more about why business attorneys are helpful to have in your corner when it comes to business disputes. 

 

What Are Business Disputes?

Business disputes are fairly common and disputes can come up in any business or industry. Business disputes can involve any aspect of a business as well. The best way to solve business disputes is to prevent them before they happen, which is where risk analysts come in. Employing risk analysts can help your business plan for any potential problems and prevent them before they grow into full blown disputes. However, not every business dispute can be prevented, and some problems grow into disputes that need to be solved and handled professionally for all parties involved. 

 

Examples of Business Disputes 

Disputes in most companies are typically centered around contract breaches, and can be between many different parties, such as employees, business partners, suppliers, contractors, clients, customers, and more. 

According to LegalMatch, here are some examples of types of business disputes that required legal mediation or lawsuits in order to be resolved. 

  • Breach of a business contract or a specific provision within that contract;
  • Disputes over debt and debt collection 
  • Fraud or misrepresentation of facts
  • Insider trading issues or violations of other securities laws
  • Infringement of intellectual property (e.g., trademarks, trade secrets, copyrighted materials, or patents)
  • Business Finance Disputes
  • Tax Disputes
  • Breach of a confidentiality or non-disclosure agreement 
  • Zoning and land use disputes
  • Damage to the reputation of a business
  • Distribution of business assets and exit strategy disputes
  • Data breaches
  • Antitrust lawsuits
  • Negligence
  • Shareholder disputes
  • Disputes over the sale or transfer of a business

 

How to Solve Business Disputes

Having an attorney can be very useful when it comes to solving business disputes. While many disputes may not make it to litigation or become full blown lawsuits, having someone with extensive knowledge of business law on your side can be useful in a dispute. Some business disputes can be solved through simple negotiation between attorneys representing each side. Another way that business disputes can be handled is through arbitration, in which it can be helpful to have a neutral third party business attorney as the mediator. Having a business attorney in this role is important because the mediator should be familiar with the laws and business practices associated with the dispute. 

 

 

Attorneys and Alternative Dispute Resolution

Alternative dispute resolution is another term to describe mediation or arbitration, except it goes through the court system rather than being contained within the parties involved. Alternative dispute resolution can be initiated after someone involved in the dispute files a lawsuit, and is commonly used when one of the parties is unresponsive to correspondence about the issue. A lawsuit is a way of showing the other party that the dispute is serious, but they can still work to negotiate a resolution before the problem goes to trial. 

 

When is it Time to Call a Business Attorney?

When disputes arise while you are managing a business, there are certain situations where the issue is best left up to professionals so that it doesn’t get out of hand and hurt your business. If you’re faced with a dispute that is high risk, or you have lack of knowledge about the issue, there are repetitive disputes, or if you just don’t have the time to handle a dispute yourself, it’s probably time to call a business attorney to help you solve the problem professionally. 

 

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