Litigation Lawyers in Broken Bow
Commercial Litigation in Broken Bow, Oklahoma is a legal dispute that originated from some type of business transaction, which ends up in court. Commercial litigation can arise between basically any two entities, and in almost any situation.
Commercial litigation in Broken Bow, Oklahoma is often very perplexing 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 Broken Bow, Oklahoma commercial litigation.
Common Sources of Commercial Litigation in Broken Bow, Oklahoma
Commercial Leases: Most individuals who have businesses in Broken Bow, Oklahoma need a physical location from which to run their operation. Often, the business owner has to rent some office or commercial space from somebody who owns a building or plot of land. The terms of these rentals are put in writing in commercial leases. Like any contract, when one party violates one of the provisions of the lease, such as by failing to pay rent, commercial litigation might be used, as a last resort, to resolve the dispute.
Sales of Real Estate: If you're buying a house, office space, or a plot of land in Broken Bow, Oklahoma, 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 actually 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: The sale or purchase of personal property is another common source of commercial litigation in Broken Bow, Oklahoma. For instance, a restaurant owner might order tomatoes from a supplier, and fail to pay for them. The owner might argue that the tomatoes were rotten and unusable when they arrived, and he therefore does not have to pay. Obviously, if the two parties can't resolve this dispute somehow, they will have 2 options: simply let it go, and likely never do business with one another again, or go to court, and resolve it through civil litigation.
Business Loans: When a business is started up in Broken Bow, Oklahoma, one of the initial steps is usually to take out a loan from a bank. However, this is a perplexing 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 Broken Bow, Oklahoma agrees to provide a product or service in exchange for something of value (usually money), a legally-binding agreement, called a "contract," is created. 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 Broken Bow, Oklahoma Commercial Litigation Lawyer Help?
If you are operating a business in Broken Bow, Oklahoma, 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 convenient moment. So, it's important 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 experienced Broken Bow, Oklahoma 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 success if commercial litigation is unavoidable.