Litigation Lawyers in Grosse Pointe Farms
Commercial Litigation in Grosse Pointe Farms, Michigan is civil litigation that arises out of a business transaction, or some other disagreement between two businesses, or between a business and a customer. It can appear out of nowhere, and arise out of almost any business issue.
In Grosse Pointe Farms, Michigan, 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 Grosse Pointe Farms, Michigan. 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 Grosse Pointe Farms, Michigan
Commercial Leases: In Grosse Pointe Farms, Michigan, 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 occasionally breached by one, or both, of the parties involved. When this occurs, commercial litigation is generally the result.
Sales of Real Estate: If you're buying a house, office space, or a plot of land in Grosse Pointe Farms, Michigan, 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 really 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 disagreements that such problems are likely to create.
Sale of Goods: It's far more frequent for individuals to buy personal property, rather than real estate, in Grosse Pointe Farms, Michigan. 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 instance, 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 disagreement. In some cases, these disagreements lead to commercial litigation.
Business Loans: Frequently, when a business gets started in Grosse Pointe Farms, Michigan, 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: In Grosse Pointe Farms, Michigan, contract law is simple in principle: when someone agrees to exchange value for value (a product in exchange for money, for instance), they have entered into a contract, which is a legally-binding agreement. A contract requires at least two parties, and if either of them fails to do what is required of them under the contract, they are said to be in "breach" of the contract. If they do not remedy the situation, or the other party does not waive the requirement, a disagreement is likely, which might lead to commercial litigation.
How Can a Grosse Pointe Farms, Michigan Commercial Litigation Lawyer Help?
If you are operating a business in Grosse Pointe Farms, Michigan, 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 crucial to be prepared for any reasonably likely commercial litigation scenario.
A Grosse Pointe Farms, Michigan commercial litigation attorney can help you on that front. A seasoned attorney can advise you of your legal options and commitments, to avoid litigation in the first place, and can provide you with the best possible chance of prevailing if commercial litigation does arise.