Businesses are involved in a wide range of transactions with other companies and with individuals. As they go about with doing their business, it is likely that these businesses can get involved in disputes. Every business aims to achieve their goals but when they get involved in disputes, their business operations can become affected. According to the website of Russo, Russo & Slania, PC, it is pertinent for these issues to be resolved quickly and effectively.
There are different types of commercial litigation that businesses can get involved in. A breach of contract happens when one or more parties are unable to meet the terms stipulated in a contract. For instance, when a supplier is unable to do their part in the delivery of goods to your company, that supplier breaches the contract that they signed with their customer. A contract is legal and binding so both parties have a duty to perform the terms of their contract.
Partner and Member Disputes
No matter how healthy is a business relationship, it is still likely to give rise to disputes. General partners in a partnership and members of a limited liability company have a “fiduciary duty” to each other. Two of these duties include good faith and fairness. When the member or partner fails in the performance of these duties, this is where conflicts will arise.
Disputes with employees may include discrimination, wrongful terminations, wage and hour disputes, and others. Sometimes businesses with job applicants may also arise when the prospective employee claims that they were rejected on the basis of discrimination. An employee may want to recover lost wages in the form of a lawsuit against their employer.
These are just some of the disputes that can result to commercial litigation. Getting involved in such kinds of lawsuits could eat up a company’s time and resources. If necessary, the company should try to resolve the dispute without going into a legal battle.Read More