Litigation Lawyers in Chicago Ridge
In Chicago Ridge, Illinois, commercial litigation is any civil litigation that contains a business transaction. Commercial litigation can come up in virtually any business context.
In Chicago Ridge, Illinois, you should expect any form of commercial litigation to be expensive and difficult. While large and sophisticated companies are well-equipped to deal with civil litigation, and are often the ones facing it, civil litigation in Chicago Ridge, Illinois can also arise between those who are not nearly as accustomed to handling it, such as individuals and small businesses.
Common Sources of Commercial Litigation in Chicago Ridge, Illinois
Commercial Leases: Even though more businesses than ever are relying on the internet to sell their goods, the majority of small businesses in Chicago Ridge, Illinois 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 instance, 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 real estate in Chicago Ridge, Illinois, a lot of things can go wrong, possibly making commercial litigation necessary. In these cases, things like title defects (when the seller doesn't really 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: The sale of personal property can also lead to commercial litigation in Chicago Ridge, Illinois. This most often comes up when a business is buying large volumes of products from a supplier, and the supplier fails to deliver them on time, or delivers the wrong goods, or the wrong quantity of goods. Usually, if the parties cannot resolve the problem between themselves, commercial litigation will result.
Business Loans: In Chicago Ridge, Illinois, it's common for new businesses to require a loan from a bank to get started. This can, occasionally, lead to disputes between the borrower and lender. For example, 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: When a business or individual in Chicago Ridge, Illinois promises another entity to provide a product or service in exchange for something of value (almost always, but not necessarily, money), they have entered a legally-binding agreement called a "contract." Both parties are now required to perform their obligations, as laid out in the agreement, and if one party fails to do so, the other can use commercial litigation to seek redress for any losses suffered as a result of this breach.
How Can a Chicago Ridge, Illinois Commercial Litigation Lawyer Help?
Business owners in Chicago Ridge, Illinois are probably aware of the fact that commercial litigation can always be just around the corner, and just about any business deal that goes bad can trigger it. It's wise, therefore, to take some simple steps to prepare for possibly civil litigation, so it will only be minimally disruptive to your business, should it happen in the future.
On that front, the single best thing you can do is, by far, to seek the advice of an accomplished Chicago Ridge, Illinois commercial litigation attorney. Your lawyer can advise you on practical steps you can take to minimize the chances of business litigation occurring in the first place, and give you the best possible chance of winning if commercial litigation is unavoidable.