Litigation Lawyers in North Olmsted
In North Olmsted, Ohio, commercial litigation is any legal dispute that involves some type of business transaction. Commercial litigation can be between two businesses, a business and an individual, or two individuals. It usually comes up when everyone involved least expects it, and it can arise from just about any situation.
In North Olmsted, Ohio, you should expect any form of commercial litigation to be expensive and complex. While large and sophisticated companies are well-equipped to deal with civil litigation, and are typically the ones facing it, civil litigation in North Olmsted, Ohio 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 North Olmsted, Ohio
Commercial Leases: Even though more businesses than ever are relying on the internet to sell their goods, the majority of small businesses in North Olmsted, Ohio still have to operate from a physical location. The space from which most businesses operate is usually 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 dispute might arise, leading to commercial litigation.
Sales of Real Estate: When buying real estate in North Olmsted, Ohio, a lot of things can go wrong, possibly making commercial litigation essential. In these cases, things like title defects (when the seller doesn't actually 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: In North Olmsted, Ohio, the sale and purchase of personal property is also a common 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 dispute to court, and settle it that way.
Business Loans: When a business is started up in North Olmsted, Ohio, one of the first steps is usually to take out a loan from a bank. However, this is a complex process, and there are many things that can go wrong. If the borrower fails to make the required payments, or the lender attempts to defraud the buyer, civil litigation is a strong possibility.
Breach of Contract: Whenever a business in North Olmsted, Ohio agrees to provide a product or service in exchange for something of value (usually 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 dispute.
How Can a North Olmsted, Ohio Commercial Litigation Lawyer Help?
If you are operating a business in North Olmsted, Ohio, 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 convenient moment. So, it's critical to be prepared for any reasonably likely commercial litigation scenario.
A commercial litigation attorney in North Olmsted, Ohio can be very helpful 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.