Litigation Lawyers in The Colony
Commercial Litigation in The Colony, Texas 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.
In The Colony, Texas, you should expect any form of commercial litigation to be expensive and complicated. While large and sophisticated companies are well-equipped to deal with civil litigation, and are usually the ones facing it, civil litigation in The Colony, Texas 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 The Colony, Texas
Commercial Leases: Most individuals who have businesses in The Colony, 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 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: Whether you're buying a house, an office building, or a vacant lot in The Colony, Texas, there are plenty of things that can go awry in the process. For instance, the seller might fail to disclose an easement on the property, or a physical defect, which you only discover after the sale is final. Or, if you're the seller, the buyer might fail to pay on time. Such mishaps are almost sure to cause a dispute, and if the parties cannot resolve it amongst themselves, commercial litigation might be the only choice.
Sale of Goods: The sale or purchase of personal property is another prevalent source of commercial litigation in The Colony, Texas. 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: Usually, when a business gets started in The Colony, Texas, it has to take out a loan from a financial institution. If the business fails to make timely payments on the loan, it's possible that litigation will result.
Breach of Contract: When a The Colony, Texas business agrees to provide something of value (a product or service) in exchange for something else of value (typically money), a contract is formed. A contract, put simply, is any agreement that the law will enforce. Contracts can be very simple, or incredibly intricate. In either case, if one party fails to perform under the terms of the contract, commercial litigation is one way to resolve the ensuing conflict.
How Can a The Colony, Texas Commercial Litigation Lawyer Help?
If you are operating a business in The Colony, Texas, 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 fitting moment. So, it's important to be prepared for any reasonably likely commercial litigation scenario.
The best thing you can do on that front is retaining a knowledgeable The Colony, Texas commercial litigation attorney. Your attorney can provide you with assistance and information that, if followed, will help you avoid litigation in the first place. And, if litigation becomes unavoidable, a reliable lawyer can give you the best possible chance of obtaining a favorable result in court.