Litigation Lawyers in Oconomowoc

In Oconomowoc, Wisconsin, "commercial litigation" refers to any legal dispute between business entities, arising from some type of business transaction, which ends up being settled through the legal system. It can arise in almost any situation, at any time.

In Oconomowoc, Wisconsin commercial litigation can be very difficult and costly. While it usually involves two business in a legal dispute with one another, it might also arise between average 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 Oconomowoc, Wisconsin.

Common Sources of Commercial Litigation in Oconomowoc, Wisconsin

Commercial Leases: Despite the rise of the Internet, and e-commerce, most businesses in Oconomowoc, Wisconsin still need a physical location to operate. This space is normally rented from another party, under terms laid out in a commercial lease. These leases can lead to disagreements, if one party breaks them, such as by failing to pay rent on time, failure to provide access to the property under the agreed-upon terms, etc.

Sales of Real Estate: Whether you're buying a house, an office building, or a vacant lot in Oconomowoc, Wisconsin, 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: In Oconomowoc, Wisconsin, the sale and purchase of personal property is also a frequent source of commercial litigation. Just like any business transaction, things can go wrong in the sale of goods. For instance, the seller might deliver the wrong goods to the buyer, or deliver them late. Likewise, the buyer might fail to pay for the goods at the agreed time. Most of the time, business people are able to resolve these disputes without resorting to commercial litigation. In rare cases, however, they have to take their disagreement to court, and settle it that way.

Business Loans: Frequently, when a business gets started in Oconomowoc, Wisconsin, 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 an individual or business in Oconomowoc, Wisconsin, 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 Oconomowoc, Wisconsin Commercial Litigation Lawyer Help?

If you have a business in Oconomowoc, Wisconsin, it should by now be evident that there are several 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.

On that front, the single best thing you can do is, by far, to seek the advice of an accomplished Oconomowoc, Wisconsin 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.