Litigation Lawyers in Smithfield

In Smithfield, North Carolina, commercial litigation is any legal conflict that involves some type of business transaction. Commercial litigation can be between two businesses, a business and an individual, or two individuals. It typically comes up when everyone involved least expects it, and it can arise from just about any matter.

In Smithfield, North Carolina commercial litigation can be very intricate and costly. While it normally involves two business in a legal dispute with one another, it might also arise between ordinary individuals who were engaged in an informal business transaction (such as someone selling a car to her neighbor), and never would have guessed that they might be thrown into a commercial litigation case in Smithfield, North Carolina.

Common Sources of Commercial Litigation in Smithfield, North Carolina

Commercial Leases: Despite the rise of the Internet, and e-commerce, most businesses in Smithfield, North Carolina still need a physical location to operate. This space is typically rented from another party, under terms laid out in a commercial lease. These leases can lead to disputes, if one party breaks them, such as by failing to pay rent on time, failure to provide access to the property under the agreed-upon terms, etc.

Sales of Real Estate: Whether you're buying a house, an office building, or a vacant lot in Smithfield, North Carolina, there are plenty of things that can go awry in the process. For example, the seller might fail to disclose an easement on the property, or a physical defect, which you only discover after the sale is final. Or, if you're the seller, the buyer might fail to pay on time. Such mishaps are almost certain to cause a dispute, and if the parties cannot resolve it amongst themselves, commercial litigation might be the only option.

Sale of Goods: In Smithfield, North Carolina, 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: Often, when a business gets started in Smithfield, North Carolina, 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 Smithfield, North Carolina 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 Smithfield, North Carolina Commercial Litigation Lawyer Help?

If you are operating a business in Smithfield, North Carolina, 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 critical to be prepared for any reasonably likely commercial litigation scenario.

On that front, the single best thing you can do is, by far, to seek the advice of an efficient Smithfield, North Carolina 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.