In any industry, business disputes are commonplace, whether it’s between businesses, business co-owners, Limited Liability Company (LLC) members, or corporation shareholders. These disputes can occur over a wide range of business-related disagreements, including everything from shareholder disputes to breach of contract cases. Accordingly, every company should work with an experienced law firm that specializes in business disputes to handle commercial litigation appropriately and reach the most favorable outcome. Below, we’ve outlined some of the most common business disputes that may lead to litigation.
Breach of Contract
A breach of contract occurs when a binding agreement between two or more parties is not honored by all members of the agreement. Most contracts will outline specific terms, conditions, and obligations that must be met throughout the time period of the contract. Understanding these terms in their entirety is essential in avoiding a misunderstanding or disagreement that leads to a business dispute. However, even the most meticulous business contracts may lead to business disputes due to certain ambiguities or conflicts. Work with a business law firm with experience in contract negotiations and contract drafting to avoid a potential breach of contract lawsuit.
A partnership dispute arises when business partners run into conflict regarding how the company is operated or organized. Common disagreements that lead to partnership disputes often occur due to a breach of fiduciary duty, a failure to delineate authority, or disagreements over how resources and work are allocated. Work with a business law firm with experience in partnership disputes, like Ritter Spencer Cheng PLLC, to assist you in identifying the best method of resolving your specific partnership dispute, such as arbitration or mediation. Our team of commercial litigation attorneys is committed to helping your business reach a satisfactory agreement.
Business to Business Disputes
When two companies reach a disagreement, often without a formal contract in place, a business to business dispute arises. These business conflicts often occur between owners of separate companies, suppliers, or clients when one party does not deliver in terms of a previously agreed-upon quality specification, payment, or timeline. Avoiding business to business disputes is simpler with a prestigious law firm that specializes in business law. At Ritter Spencer Cheng PLLC, our business attorneys are committed to resolving business to business disputes as easily and efficiently as possible.
An experienced law firm with a specialization in business litigation can help your company navigate whatever dispute arises. Ritter Spencer Cheng PLLC, a Dallas-based law firm, has a team of experienced commercial litigation attorneys that have successfully handled a number of business lawsuits and disputes in state and federal courts. We can help you resolve your company’s disputes quickly and easily. Contact our team today to learn more!