What is Business Litigation?

by Clayton Crowley
in Blog
on 17 June 2014
Hits: 1513

The Top Business Litigation Attorneys in New Mexico Crowley
& Gribble P.C.

Sometimes business disputes arise, and when they can't be
resolved through negotiation or arbitration proceedings, business litigation
can be used as a way to remedy the situation. Whether it's a private individual
or a business entity that has a legal issue with another business entity, we
will look at what is business litigation.

 

Many people are concerned about their finances and
investments now, so anyone who suspects that his investment broker has not
acted ethically may bring business litigation against brokers who do not act in
the best interest of the clients. If an investor suffers excessive financial
loss as a result of unethical behavior by a broker, the investor can pursue
business litigation. In the same vein as unethical broker behavior, which
usually involves a broker pushing inappropriate investments on clients or
failing to fully disclose investment information, is investor fraud, which
involves deception.

Another common instance that can result in an individual
bringing business litigation against a business is in a dispute over
intellectual property. Any infringement on a patent, trademark or copyright is
grounds for business litigation.

Breach of fiduciary duty can cause a strain between business
partners or shareholders in closely held corporations. If one member violates
his obligation to operate in good faith and loyalty then other partners can
recover with business litigation.

If commercial insurance companies undervalue or deny a fair
claim then businesses, particularly small businesses, can recover the amount
they are entitled to with business litigation. Insurance companies can
sometimes attempt to avoid fully paying a legitimate claim, or even avoid
paying it at all, by using confusing or deceptive wording in the contract.
There are countless other areas in which a business may have a need for
business litigation to resolve a dispute against another business.

When business disputes occur between a business and an
individual or between two business entities, resolution without resorting to
business litigation will always be preferable for everyone involved. In cases
where that just isn't possible, a good business litigation attorney can be
invaluable in protecting your rights and your company's business interests.

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