Running a business is an exciting venture, but there are some aspects that make it hard. One of the less desirable aspects of running a company is dealing with disputes.
Unfortunately, business disputes, just like taxes and death, are inevitable. However, just as you can prepare and mitigate against taxes and death, you can avoid and reduce the impact of commercial disputes. That being said, here are some types of business disputes and how to avoid them
These cover a huge array of issues with the employees including an allegation of discrimination, termination, non-compete agreements and benefits. Most of these issues can be avoided or minimized through thorough know-how of state laws that apply and careful use of contracts with the employees.
The same applies to non-compete agreements where a person is not allowed to seek employment in the same geographic area or field for a set period. With good advice from a lawyer with extensive knowledge in employment law can help avoid and mitigate these issues.
Your business would not exist without customers, but sometimes, they make it hard to run one. From complaints online to lawsuits for slip and fall claims, customers can take a toll on business. As with employment disputes, you need the assistance of an experienced lawyer to handle such situations in the right manner.
These types of disputes are as old as the business concept itself. They range from employee poaching to patent or trademark infringement. In these kinds of situations, legal assistance from a knowledgable attorney in commercial litigation is highly recommended.
Breach of Contract
In the legal world, this is a run of the mill issue, but a breach of contract in the business world can spell doom for a company. Work in breach of contract cases happen before the breach itself happens, often in the drafting stage where the parties create enough terms to govern their relationship in order to make a breach less likely.
If a party purposely violates the terms or fails to uphold them, it is vital that you contact a business litigation lawyer to help resolve the case.
This type of dispute is perhaps the most common in the business world. Business partners usually disagree over time as the business evolves. Partnership disputes are usually triggered by conflicts regarding new leadership roles, financial disparity and even hiring.
These types of disputes can be resolved through meditation, but it is usually best to have legal assistance.