Litigation Lawyers in Ridgewood

In Ridgewood, New Jersey, commercial litigation is any legal disagreement that involves some type of business transaction. Commercial litigation can be between two businesses, a business and an individual, or two individuals. It normally comes up when everyone involved least expects it, and it can arise from just about any issue.

In Ridgewood, New Jersey, litigation is convoluted and expensive. While it can come up between sophisticated companies, it can just as easilyy involve people who would never guess that they'd one day be involved in a commercial litigation dispute in Ridgewood, New Jersey. 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 Ridgewood, New Jersey

Commercial Leases: Despite the rise of the Internet, and e-commerce, most businesses in Ridgewood, New Jersey still need a physical location to operate. This space is normally 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: If you're buying a house, office space, or a plot of land in Ridgewood, New Jersey, 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 disputes 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 Ridgewood, New Jersey. 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 disagreement. In some cases, these disputes lead to commercial litigation.

Business Loans: In Ridgewood, New Jersey, 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: Whenever a business in Ridgewood, New Jersey agrees to provide a product or service in exchange for something of value (normally money), a legally-binding agreement, called a "contract," is formed. 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 Ridgewood, New Jersey Commercial Litigation Lawyer Help?

If you have a business in Ridgewood, New Jersey, it should by now be evident that there are several different situations from which commercial litigation can arise, and it rarely happens when it's expected. So, it's always smart to have a plan in place (and money or insurance set aside, if possible) to resolve a commercial litigation issue, should it arise.

And the best thing you can do on that front is to take steps to minimize the chances of disputes leading to commercial litigation in the first place. Commercial lawyers in Ridgewood, New Jersey can be very valuable with that. By advising you of your legal rights and obligations, your attorney can help you avoid making the mistakes that lead to legal disputes in the first place.