Litigation Lawyers in Rice Lake

In Rice Lake, 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 Rice Lake, Wisconsin commercial litigation can be very convoluted and costly. While it usually 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 Rice Lake, Wisconsin.

Common Sources of Commercial Litigation in Rice Lake, Wisconsin

Commercial Leases: Despite the rise of the Internet, and e-commerce, most businesses in Rice Lake, 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 disputes, 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 Rice Lake, Wisconsin, there are plenty of things that can go awry in the process. For example, 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 certain to cause a dispute, and if the parties cannot resolve it amongst themselves, commercial litigation might be the only option.

Sale of Goods: The sale or purchase of personal property is another frequent source of commercial litigation in Rice Lake, Wisconsin. For example, 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 disagreement 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: Often, when a business gets started in Rice Lake, 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 Rice Lake, 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 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 Rice Lake, Wisconsin Commercial Litigation Lawyer Help?

If you have a business in Rice Lake, 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.

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 Rice Lake, Wisconsin can be very valuable 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.