Why Every Company Needs a Business Litigation Lawyer

Every firm needs a business litigation lawyer to protect them from internal and external disputes. Litigation can be one of the most costly areas of doing business when you are not adequately prepared for it. Your business can be prepared when you work with a competent legal team with years of experience handling these issues. 

Business litigation handles the unique needs of large business entities and the complex dealings they manage. Whether your company needs assistance to avoid litigation, filing a case, or defending one, you can entrust your claim to a well-qualified legal team.

What Does a Business Litigation Lawyer Do?

A business litigation lawyer is a type of legal professional who uses their skills and education to manage legal issues for a business or corporate entity. They manage conflicts both within a business and from outside threats. 

Litigation lawyers are there to help your business handle lawsuits. They can handle cases from major contract disputes, business torts, and countless others. It is crucial to push back against legal claims with a team that is dedicated to you and well-prepared for any eventuality.

Why Do Companies Need Business Litigators?

Businesses are making high-value deals and entering into contracts on a daily basis. You have valuable intellectual property you want to protect or you may face an internal dispute within your company. A business needs litigators to protect them from lawsuits and the potential liability that may result. The following are just a few of the ways a business litigation attorney can help.

Saves a Company Time and Money

A company's time is extremely valuable. A litigation attorney saves time and money by handling complex legal issues and limiting potential liability. Properly defending your claim can help you avoid a substantial payout and expedite the claim-handling time frame.

Identifies Potential Legal Issues

A quality business litigation team identifies legal issues before they arise. Your business can benefit from legal strategies designed to avoid these issues and prevent litigation.

Provides Businesses With Peace of Mind

Businesses want peace of mind so they can focus on their business, not litigation. A trusted legal team can handle lawsuits effectively with your best interests in mind.

What Types of Business Disputes Do Litigation Lawyers Handle?

Business litigation lawyers can handle many different kinds of business disputes. No matter what issues your company could face, an experienced team is ready to handle the situation.

Breach of Contract Cases

Contracts are the life-blood of most businesses. They help earn revenue, protect you from liability, and build business relationships with other companies. An experienced litigator can help your transactional team address potential legal issues in a contract. If a party breaches a contract, you need a legal team that can help you enforce that agreement and get the benefit of the bargain.

A business litigator helps you enforce these agreements both in and out of court. Negotiation and mediation may help you avoid the need for a lawsuit. When a lawsuit is necessary, you can trust that the case is handled correctly.

Fraud Disputes

Fraud disputes occur when one party accuses another of making a material misstatement or dishonesty during a business transaction. Many fraud accusations occur against employees or officers of a company. Others occur because of a company's business practices.

Standing up to fraud accusations is an important part of protecting your company's assets and revenue. These cases are complex and can be expensive if not properly handled. 

Breach of Fiduciary Duty Cases

Businesses at times enter into partnerships or joint ventures. Those types of relationships can give rise to fiduciary duties. A breach of fiduciary duty case arises from allegations that a principal fails to behave responsibly and legally in the best interests of a client. The consequences of a breach of fiduciary duty claim are significant. Not only is the reputation of your business at stake, but a business can face significant financial losses as well.

Many businesses are entrusted with their customers' or clients' information and accounts. Allegations that your business or an employee has violated customer trust can be incredibly damaging and require a customized strategy.

Business Torts

Business torts, often called "economic torts," are wrongful acts committed by or against business entities. These torts may be intentional or due to negligence. A business may face financial injury because of the wrongful acts of an individual or another corporate entity.

‘Torts’ refers to a broad category that captures many kinds of conduct. This might include claims such as, but not limited to:

  • Tortious interference with business or contract
  • Restraint of trade
  • Trade libel
  • Commercial disparagement
  • Destruction of property claims

Protecting your company against these claims is essential and is best accomplished by utilizing the services of a business litigation firm.

Intellectual Property Disputes

Intellectual property is the non-tangible assets your business owns. This might include patents, copyrights, trade secrets, and trademarks. These assets are incredibly valuable and are legally protected. 

When other companies or individuals attempt to use that intellectual property without permission, a dispute may arise. This dispute may be resolved by an attorney through negotiation or a cease and desist letter. In other situations, business litigation may be essential to protecting your intellectual property rights.

When Is the Right Time to Hire a Business Lawyer?

The best time to hire a business trial lawyer is right now. You can significantly reduce business risk by hiring a litigation firm before you face a lawsuit. Your company can develop strategies to identify areas of potential risk and create a plan to limit or avoid that risk. This lets you get ahead of potential issues, rather than simply reacting to them.

If you are facing litigation, it is essential that you work with an experienced team right away. Litigation lawyers understand how to best address the allegations you face. If your rights or interests have been violated, you need a litigation team that knows how to protect your interests and pursue compensation for your business.

Business litigation matters are complex, as are the legal rules and requirements that govern them. Hiring the right team can make all the difference in protecting your business interests.

Where Can You Find a Business Litigation Team?

When you need an experienced and qualified business dispute lawyer, the trusted Chicago trial attorneys at King & Jones are here to help. We handle significant cases in Chicago and nationwide involving business litigation, commercial disputes, and much more. Your goals are our goals, and we strive to give you the best possible results efficiently and cost-effectively.

You can get in touch with a Chicago business litigation lawyer to help you get started. In the initial consultation, we will let you know how we can assist you and your business to meet your legal needs. Contact us today for help. 

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