Should Your Business Invest in a Business Litigation Attorney?
The business landscape is constantly evolving. From tax laws and commercial disputes to employment contracts and insurance liability, the legal side of running a business can be extensive. In some cases, a business owner or representative can handle everything. However, in business, disputes may arise that could require investment in a business litigation attorney in order to ensure proper process is followed, your rights are upheld and to make informed decisions when it comes to business litigation.
What aspects of business litigation could arise?
Whether you’re an established business owner or an entrepreneur just getting started, there are legal aspects of running your company that you’ll need to navigate. A business litigation attorney can help in a broad array of matters.
Breaches of Contracts or Fiduciary Duty:
A business litigation lawyer can assist with disputes involving official contracts, fiduciary duty or agreements between the company and its stakeholders.
Insurance Coverage and Liability:
Business litigation lawyers can also represent businesses in a slew of insurance coverage disputes or liability matters. This helps minimize the financial impact on your overall business.
Corporate, Commercial and Other Business Disputes:
A business litigation attorney can help owners and stakeholders handle issues pertaining to employee grievances, lease violations, trade secrets and even the validation and interpretation of wills and estates.
Alternative Resolutions:
Sometimes, litigation is not the best answer. Business lawyers can help assess the situation and pursue alternative solutions like negotiation, arbitration or mediation if appropriate.
When should you reach out to a business litigation attorney?
Whenever a dispute pertaining to your business arises that could potentially involve legal action, it is best to consult a business litigation lawyer right away. In doing so, you will ensure you are taking the right steps to properly assess the situation and protect your business. The last thing you want to do is wait and your business is at stake to seek legal help.
Should you have a business attorney on retainer?
While there is the option to consult with a business litigation lawyer only for specific needs, some companies choose to have a business attorney on retainer. Having an attorney on retainer means your business will pay the individual or firm a specified amount on a regular basis to perform business law services whenever you need them.
The best way to decide if you should have a business litigation attorney on retainer is to take a thorough look at your business law needs. If your business faces disputes regularly due to the size of your company or the nature of your sector, it may be more cost-effective to have an attorney on retainer. Compare attorneys and firms by asking questions and understanding your overall budget. The process of searching for a local business litigation attorney is often a worthwhile investment.
Gainesville Business Litigation Attorneys
Investing in a business litigation lawyer could prevent major asset losses. Consulting with an experienced business attorney for corporate litigation can provide you with peace of mind that you are taking all of the correct steps for your business.
To schedule a free initial consultation about any business law or litigation matter, contact Avera & Smith.