Litigation Lawyers in Rainbow
In Rainbow, Alabama, commercial litigation is any civil litigation that contains a business transaction. Commercial litigation can come up in basically any business context.
In Rainbow, Alabama commercial litigation can be very difficult and costly. While it usually involves two business in a legal dispute with one another, it might also arise between average individuals who were engaged in an informal business transaction (such as someone selling a car to her neighbor), and never would have guessed that they might be thrown into a commercial litigation case in Rainbow, Alabama.
Common Sources of Commercial Litigation in Rainbow, Alabama
Commercial Leases: Even though more businesses than ever are relying on the internet to sell their goods, the majority of small businesses in Rainbow, Alabama still have to operate from a physical location. The space from which most businesses operate is normally rented, and the terms of the rental agreement are documented in a contract called a commercial lease. These contracts, like any other, are sometimes breached. When, for example, the tenant fails to pay rent on time, or the landlord fails to perform required building maintenance, a disagreement might arise, leading to commercial litigation.
Sales of Real Estate: When buying a house or a plot of land in Rainbow, Alabama, there are numerous things that can go wrong, which can lead to commercial litigation. Whether there is a defect in the seller's title, a physical defect on the property that the seller did not disclose, or the buyer fails to make timely payment, a disagreement, which might lead to commercial litigation, is possible.
Sale of Goods: In Rainbow, Alabama, the sale and purchase of personal property is also a frequent source of commercial litigation. Just like any business transaction, things can go wrong in the sale of goods. For instance, the seller might deliver the wrong goods to the buyer, or deliver them late. Likewise, the buyer might fail to pay for the goods at the agreed time. Most of the time, business people are able to resolve these disputes without resorting to commercial litigation. In rare cases, however, they have to take their disagreement to court, and settle it that way.
Business Loans: In Rainbow, Alabama, it's typical for new businesses to require a loan from a bank to get started. This can, sometimes, lead to disputes between the borrower and lender. For instance, the borrower might habitually fail to make payments on time. This will lead to the lender trying to collect, and possibly resorting to commercial litigation.
Breach of Contract: Whenever a business in Rainbow, Alabama agrees to provide a product or service in exchange for something of value (normally money), a legally-binding agreement, called a "contract," is created. If either party fails to perform their end of the bargain, they have breached the contract, and commercial litigation is a possible way to settle the disagreement.
How Can a Rainbow, Alabama Commercial Litigation Lawyer Help?
If you have a business in Rainbow, Alabama, it should by now be evident that there are several different situations from which commercial litigation can arise, and it rarely happens when it's expected. So, it's always smart to have a plan in place (and money or insurance set aside, if possible) to resolve a commercial litigation issue, should it arise.
The best thing you can do on that front is retaining a reliable Rainbow, Alabama commercial litigation attorney. Your attorney can provide you with assistance and information that, if followed, will help you avoid litigation in the first place. And, if litigation becomes unavoidable, a seasoned lawyer can give you the best possible chance of obtaining a favorable result in court.