What is a Commercial Dispute?
Nobody goes into business expecting to need a commercial disputes attorney, but life happens. Generally speaking, commercial disputes are any disagreements that arise between two entities in the normal course of conducting business. For example, a contractor fails to deliver goods on time and costs your company money or your commercial tenant falls months behind on a lease, and you’re stuck looking for a way to recoup damages.
Because commercial disputes can arise from such a wide variety of events, from contract violations to partnership disagreements and intellectual property infringement, being involved in commercial litigation is a far more common event for business owners than most people realize. If you find yourself involved in a commercial dispute, either as the prosecutor or the defender, it’s in your best interest to consult with a commercial litigation lawyer as soon as possible. Especially if you’re the defendant, a poorly handled commercial dispute can cause far-reaching financial and reputational damage. A commercial disputes lawyer can help you navigate these choppy waters and protect your company’s image.
Common Types of Commercial Disputes
While commercial disputes can arise over many different issues, there are a few areas that regularly create tension between business entities.
Breach of Contract Claims
Contracts are the central mechanism of many business operations, so it makes sense that broken contracts are one of the most common types of commercial disputes. Your company may sign contracts with employees, manufacturers, contractors, distributors, investors, financial institutions, and more. Any time one party believes the other has failed to live up to their contractual obligations, a commercial dispute is likely.
Real Estate Disputes
Commercial real estate disputes cover a broad range of issues, from zoning and water use laws to easements, ownership, and covenant or HOA disputes. Whatever the issue, a commercial real estate dispute tends to be much more complicated than a residential dispute because there are more people, more money, and more rules and regulations involved. If your company is involved in a real estate dispute, you should talk to a qualified commercial disputes attorney right away to ensure your rights to the property.
Another common category of commercial disputes involves landlords and tenants, with litigation brought equally by both sides. Landlord-tenant disputes can result from a broken lease agreement due to tenant refusal to pay, from improper or illegal use of the real estate, from the landlord failing to provide a safe and functional building, and much more. While landlord-tenant disputes tend to be more simple and straightforward than other commercial disputes, it’s still advisable to consult an attorney to go over your options.
At Parker Pallett Slezak & Russell LLC, our experienced attorneys have decades of experience helping business owners handle their business better. When you come into one of our offices for a consultation, we will advise and guide you toward the best course of action for your business, whether that be a settlement, mediation, arbitration, or a court case. We’re dedicated to using all of the legal tools to help you achieve the best outcome. And, if you do have to go to court, we’re passionate advocates for you and your company.