Litigation Lawyers in Philadelphia County
Commercial Litigation in Philadelphia County, Pennsylvania is a legal dispute that originated from some type of business transaction, which ends up in court. Commercial litigation can arise between essentially any two entities, and in almost any situation.
In Philadelphia County, Pennsylvania commercial litigation can be very complicated and costly. While it typically 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 Philadelphia County, Pennsylvania.
Common Sources of Commercial Litigation in Philadelphia County, Pennsylvania
Commercial Leases: Most businesses in Philadelphia County, Pennsylvania operate from a single physical location, despite the rise of the Internet and e-commerce. These locations are often in rented space, which is usually more cost-effective than purchasing real estate just for the purpose of operating a business. These rental agreements are laid out in documents called "commercial leases." Like every other contract, these leases are sometimes broken. If the parties cannot resolve the ensuing dispute amongst themselves, they might have to resort to commercial litigation.
Sales of Real Estate: When buying a house or a plot of land in Philadelphia County, Pennsylvania, there are several things that can go wrong, which can lead to commercial litigation. Whether there is a defect in the seller's title, a physical defect on the property that the seller did not disclose, or the buyer fails to make timely payment, a dispute, which might lead to commercial litigation, is possible.
Sale of Goods: It's far more common for individuals to buy personal property, rather than real estate, in Philadelphia County, Pennsylvania. 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 dispute. In some cases, these disputes lead to commercial litigation.
Business Loans: In Philadelphia County, Pennsylvania, 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: When an individual or business in Philadelphia County, Pennsylvania, agrees to exchange something of value for something else of value (such as a product in exchange for money), they have entered into a binding agreement called a "contract." This means that each party can use the law to compel the other party to perform their obligations under the terms of the contract. If someone fails to perform under the agreement, commercial litigation is one option to resolve the resulting dispute.
How Can a Philadelphia County, Pennsylvania Commercial Litigation Lawyer Help?
If you have a business in Philadelphia County, Pennsylvania, it should by now be obvious that there are many 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 Philadelphia County, Pennsylvania can be very helpful 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.