Litigation Lawyers in Addison
Commercial Litigation in Addison, Texas 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.
Commercial litigation in Addison, Texas, can get very expensive, very quickly. Furthermore, it can also be incredibly complex. 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 Addison, Texas.
Common Sources of Commercial Litigation in Addison, Texas
Commercial Leases: Most people who have businesses in Addison, Texas 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: Buying office space, a home, or an empty plot of land in Addison, Texas is not a simple process, and something can go wrong at any step along the way. For instance, there might be a title defect, or some type of physical flaw on the property, and the seller fails to disclose it to the buyer, this will almost certainly lead to the buyer demanding compensation, in the form of a full or partial refund, from the seller. If no agreement can be reached, commercial litigation is the likely result.
Sale of Goods: The sale of personal property can also lead to commercial litigation in Addison, Texas. This most typically comes up when a business is buying large volumes of products from a supplier, and the supplier fails to deliver them on time, or delivers the wrong goods, or the wrong quantity of goods. Typically, if the parties cannot resolve the problem between themselves, commercial litigation will result.
Business Loans: Starting a business in Addison, Texas, or anywhere else, is expensive. Usually, 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 allowed 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 Addison, Texas, 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 Addison, Texas Commercial Litigation Lawyer Help?
If you are operating a business in Addison, Texas, 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.
On that front, the single best thing you can do is, by far, to seek the advice of an experienced Addison, Texas 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 winning if commercial litigation is unavoidable.