Litigation Lawyers in Maryville
Commercial Litigation in Maryville, Tennessee is a legal dispute that originated from some type of business transaction, which ends up in court. Commercial litigation can arise between practically any two entities, and in almost any situation.
Commercial litigation in Maryville, Tennessee, can get quite expensive, very quickly. Furthermore, it can also be incredibly complicated. It often involves two sophisticated business entities, but it can also arise between two ordinary individuals who never would have imagined that they'd get caught up in commercial litigation in Maryville, Tennessee.
Common Sources of Commercial Litigation in Maryville, Tennessee
Commercial Leases: Most individuals who have businesses in Maryville, Tennessee 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 clauses of the lease, such as by failing to pay rent, commercial litigation might be used, as a last resort, to resolve the conflict.
Sales of Real Estate: When buying a house or a plot of land in Maryville, Tennessee, there are various 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 conflict, which might lead to commercial litigation, is possible.
Sale of Goods: The sale or purchase of personal property is another prevalent source of commercial litigation in Maryville, Tennessee. 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 conflict 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: Starting a business in Maryville, Tennessee, or anywhere else, is costly. Typically, when somebody starts a business, they have to take out a loan from a bank. However, if the lender engages in some type of improper activity (such as trying to collect payment in a manner not permitted in the loan agreement), or the borrower doesn't make the payments on time, commercial litigation is likely to result.
Breach of Contract: When an individual or business in Maryville, Tennessee, 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 execute their commitments under the terms of the contract. If someone fails to perform under the agreement, commercial litigation is one avenue to resolve the resulting dispute.
How Can a Maryville, Tennessee Commercial Litigation Lawyer Help?
If you run a business in Maryville, Tennessee, it should be clear by now that commercial litigation can arise in many different cases, possibly when you least expect it. For that reason, it's a good idea to have plans in place to deal with commercial litigation concerns, should they come up.
On that front, the single best thing you can do is, by far, to seek the advice of an efficient Maryville, Tennessee 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.