Litigation Lawyers in Johnstown
In Johnstown, Colorado, commercial litigation is any civil litigation that includes a business transaction. Commercial litigation can come up in essentially any business context.
Commercial litigation in Johnstown, Colorado, can get quite expensive, very quickly. Furthermore, it can also be incredibly confusing. It often involves two sophisticated business entities, but it can also arise between two ordinary individuals who never would have imagined that they'd get caught up in commercial litigation in Johnstown, Colorado.
Common Sources of Commercial Litigation in Johnstown, Colorado
Commercial Leases: In Johnstown, Colorado, the vast majority of small businesses need some physical location from which to operate. Most of the time, business owners rent this space from a third party, and have a written agreement laying out these rental terms. This contract is called a "commercial lease." These contracts are sometimes breached by one, or both, of the parties involved. When this happens, commercial litigation is usually the result.
Sales of Real Estate: When buying real estate in Johnstown, Colorado, a lot of things can go wrong, possibly making commercial litigation essential. In these cases, things like title defects (when the seller doesn't directly own the land or house that they're selling), physical defects in the property that weren't disclosed to the buyer, or a buyer's failure to tender payment on time, among other things, can all lead to commercial litigation.
Sale of Goods: In Johnstown, Colorado, the sale and purchase of personal property is also a prevalent source of commercial litigation. Just like any business transaction, things can go wrong in the sale of goods. For example, 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 conflict to court, and settle it that way.
Business Loans: Typically, when a business gets started in Johnstown, Colorado, it has to take out a loan from a financial institution. If the business fails to make timely payments on the loan, it's possible that litigation will result.
Breach of Contract: When a Johnstown, Colorado business agrees to provide something of value (a product or service) in exchange for something else of value (typically money), a contract is formed. A contract, put simply, is any agreement that the law will enforce. Contracts can be very simple, or incredibly intricate. In either case, if one party fails to perform under the terms of the contract, commercial litigation is one way to resolve the ensuing conflict.
How Can a Johnstown, Colorado Commercial Litigation Lawyer Help?
If you are operating a business in Johnstown, Colorado, it's probably pretty clear that commercial litigation can arise from almost any business deal, and that a dispute leading to litigation rarely comes at a fitting moment. So, it's important to be prepared for any reasonably likely commercial litigation scenario.
The best thing you can do on that front is retaining a knowledgeable Johnstown, Colorado commercial litigation attorney. Your attorney can provide you with advice and information that, if followed, will help you avoid litigation in the first place. And, if litigation becomes unavoidable, a knowledgeable lawyer can give you the best possible chance of obtaining a favorable result in court.