Litigation Lawyers in Yorktown
Commercial Litigation in Yorktown, Indiana is civil litigation that arises out of a business transaction, or some other conflict between two businesses, or between a business and a customer. It can appear out of nowhere, and arise out of almost any business matter.
Commercial litigation in Yorktown, Indiana is often very confusing and expensive, and while it often involves two businesses in a legal dispute, it can also come up between ordinary individuals, who never thought they'd get involved in Yorktown, Indiana commercial litigation.
Common Sources of Commercial Litigation in Yorktown, Indiana
Commercial Leases: In Yorktown, Indiana, 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: If you're buying a house, office space, or a plot of land in Yorktown, Indiana, you're probably aware of the fact that something can go wrong at any stage of the process. Whether the seller's title is defective (they don't directly have the ownership interest that they claim to be conveying to you), or there's a physical defect on the property that wasn't disclosed, commercial litigation might be the only option to resolve the disputes that such problems are likely to create.
Sale of Goods: It's far more prevalent for individuals to buy personal property, rather than real estate, in Yorktown, Indiana. And, like any transaction, the sale of goods can lead to civil litigation if one of the parties feels that the other did not perform under the agreed-upon terms. For example, if a buyer fails to pay the agreed price for the goods, or the seller delivers a late, defective, or incomplete order, there is going to be a conflict. In some cases, these disputes lead to commercial litigation.
Business Loans: In Yorktown, Indiana, 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 an individual or business in Yorktown, Indiana, agrees to exchange something of value for something else of value (such as a product in exchange for money), they have entered into a binding agreement called a "contract." This means that each party can use the law to compel the other party to perform their obligations under the terms of the contract. If someone fails to perform under the agreement, commercial litigation is one option to resolve the resulting dispute.
How Can a Yorktown, Indiana Commercial Litigation Lawyer Help?
If you are operating a business in Yorktown, Indiana, 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.
A commercial litigation attorney in Yorktown, Indiana can be very advantageous in that regard. Your lawyer can advise you of your legal obligations, as well as your legal rights. Knowing what is required of you, and the people you deal with in a commercial context, is the best thing you can do to avoid commercial litigation, and to prevail in a dispute, should one occur.