When it comes to doing business with other people or companies, the goal is to find a partnership that is mutually beneficial. Unfortunately, whether it’s because of legal problems, personal disputes, or issues with a contract, conflict can arise, which is why business litigation is important. Business litigation is an area of law that focuses on resolving conflicts in the business context. Although there are a large number of disputes that can arise, here are some of the common disputes.
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Shareholder Disputes
This is a disagreement between shareholders that can involve important elements of the company, such as the company’s processes or finances.
Contract Disputes
Contract disputes are disagreements between two or more parties involved in a legally binding contractual agreement. This occurs when one of the parties doesn’t meet all of the terms and conditions that were agreed upon in the contract.
Business Torts
Business torts are wrongful actions performed against a business that causes harm to the business. This could cause a loss of business, loss of reputation, loss of market share, and other types of losses.
Unfair Competition
Unfair competition is a wrongful business practice that economically harms consumers or business entities. What is considered an “unfair” act varies with the context of the business, the action being examined, and the facts of the individual case.
The goal of business litigation, no matter what the dispute is, is to resolve the conflict. If you’re struggling with a business conflict, hire an exit planning CT lawyer so that they can fight for your rights and help you get the most favorable outcome possible.
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