Litigation Lawyers in Lake Park
In Lake Park, Florida, commercial litigation is any civil litigation that contains a business transaction. Commercial litigation can come up in practically any business context.
In Lake Park, Florida, litigation is difficult and expensive. While it can come up between sophisticated companies, it can just as quicklyy involve individuals who would never guess that they'd one day be involved in a commercial litigation dispute in Lake Park, Florida. It can arise from the most informal business transactions, such as a homeowner selling a piece of furniture to his neighbor.
Common Sources of Commercial Litigation in Lake Park, Florida
Commercial Leases: Most individuals who have businesses in Lake Park, Florida need a physical location from which to run their operation. Often, the business owner has to rent some office or commercial space from somebody who owns a building or plot of land. The terms of these rentals are put in writing in commercial leases. Like any contract, when one party violates one of the terms of the lease, such as by failing to pay rent, commercial litigation might be used, as a last resort, to resolve the disagreement.
Sales of Real Estate: Buying office space, a home, or an empty plot of land in Lake Park, Florida is not a simple process, and something can go wrong at any step along the way. For example, there might be a title defect, or some type of physical flaw on the property, and the seller fails to disclose it to the buyer, this will almost definitely lead to the buyer demanding payment, in the form of a full or partial refund, from the seller. If no agreement can be reached, commercial litigation is the possible result.
Sale of Goods: In Lake Park, Florida, 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: When a business is started up in Lake Park, Florida, one of the initial steps is normally to take out a loan from a bank. However, this is an intricate process, and there are many things that can go wrong. If the borrower fails to make the required payments, or the lender attempts to defraud the buyer, civil litigation is a strong possibility.
Breach of Contract: Whenever a business in Lake Park, Florida 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 Lake Park, Florida Commercial Litigation Lawyer Help?
If you are operating a business in Lake Park, Florida, it's likely pretty clear that commercial litigation can arise from almost any business deal, and that a dispute leading to litigation rarely comes at a proper moment. So, it's essential to be prepared for any reasonably likely commercial litigation scenario.
A commercial litigation attorney in Lake Park, Florida can be very valuable in that regard. Your lawyer can advise you of your legal commitments, as well as your legal rights. Knowing what is required of you, and the individuals you deal with in a commercial context, is the best thing you can do to avoid commercial litigation, and to succeed in a dispute, should one occur.