FAQ About Business Litigation
Answers you can trust from experienced attorneys
Business litigation cases can be complicated and need to be addressed quickly and effectively. Otherwise, a business’ financial future can be adversely affected due to legal action. But knowing what to do can be confusing. Even knowing which state or federal laws or statutes apply might not be clear.
In such situations, it’s important that businesses and professionals have accurate information before making critical decisions that could significantly impact their business. That’s why it’s important to consult with a lawyer who thoroughly understands the law and can answer your legal questions.
Our attorneys at Eller Tonnsen Bach, LLC have the knowledge and the expertise you need to guide you through any legal challenge facing your business. We know the answers to many business litigation questions because we have years of experience handling such complex cases in South Carolina and North Carolina. That’s why we’re the law firm many businesses turn to when they need help the most.
What is your question?
Below, you will find the answers to some of the most frequently asked questions about business litigation. However, it’s important to remember that each case often presents its own unique challenges. That’s why businesses and professionals should consult with a lawyer as soon as possible. Contact our law firm to schedule a consultation at one of our three locations in South Carolina and North Carolina. We’re here to help you develop effective solutions that benefit your business.
- What is business litigation?
- What are common business litigation cases?
- Who decides the outcome of such cases?
- How long does it take to resolve such cases?
- What should a company do in response to legal action from a shareholder or investor?
- What should I do if someone files a lawsuit against my company?
- Should a business file a lawsuit in response to being sued?
- Should a company settle its business litigation case?
- What alternatives exist to litigation?
- How much does it cost to hire a business litigation attorney?
- Why should I hire a lawyer to handle my case?
Business litigation can refer to any legal action involving a business or corporation. Often, such cases can have a negative affect on a business. That’s why it’s important for companies and business professionals to respond quickly and effectively to any legal action that could have an adverse effect on any business venture.
Business litigation cases can cover a wide range, from shareholder disputes to cases involving breach of contract allegations. In particular, many of these cases involve aspects of a business that make them valuable and unique, including intellectual property disputes or legal battles involving trademark disputes or non-compete agreements. Whatever type of legal challenge you encounter, an experienced business litigation attorney can help you address and overcome any obstacles to your business’ success.
Depending on what type of case you’re dealing with, different state or federal courts and judges may have jurisdiction over your case. As a result, it’s important to have a legal team on your side with experience dealing with such cases. It’s also critical that the attorney representing you fully understands the state or federal laws for your specific legal matter, as well as any deadlines for taking legal action or filing any forms or mandatory paperwork. Otherwise, you could jeopardize your ability to take legal action or respond to pending litigation against your business.
There’s no set time limit when it comes to business disputes or litigation. Sometimes, cases can be resolved in a matter of days or weeks. Other times, it could take months or years to reach an agreement that satisfies all sides involved in such disputes. But just because a legal case might take a long time to resolve does not mean that businesses or professionals should wait to take legal action. In many cases, the sooner someone responds, the more options they often have for successfully resolving a case in a beneficial manner.
First and foremost, don’t rush to any quick decision. Instead, talk to an attorney right away familiar with these types of cases. That way, you can learn more about the legal options available to you and your business. Shareholder disputes can often be very contentious, time consuming and expensive. A business savvy attorney knows how to effectively address such cases in a timely, cost-effective manner.
Upon receiving a lawsuit filed against your company, do not directly respond (verbally or in writing) to the person, business or attorney who filed the suit. Anything you say or write could later be used as evidence against your company. Instead, immediately consult with a lawyer familiar with business litigation cases. That way, your attorney can analyze the complaint and explain the different available legal options. Your company can then take steps designed to resolve your dispute in an effective, beneficial manner.
Filing a counter suit or taking other legal action can be an effective way to respond or neutralize pending lawsuits against a business. However, it’s important to understand that taking legal action can be complicated. It’s also important to realize that every legal case presents its own unique challenges. That’s why it’s important to carefully consider all your legal options before deciding to take legal action. An attorney can help you explore your options and advise you on the best course of action based on your specific circumstances.
Making or accepting a settlement offer is a common method for resolving disputes between businesses. But as with any settlement agreement, it’s important to carefully consider the pros and cons before agreeing to accept or make an offer to settle a dispute. Experienced business litigation attorneys can advise you and help review prospective settlement offers. That way, you can make informed decisions about what’s best for your business.
Depending on the issues facing you or your business, there may be many different options available for resolving complex legal matters. Whether it’s mediation, arbitration, negotiation or another approach, it’s important to explore different options and decide which method makes the most sense for your business. In addition, what might seem like an obstacle for your business could be an opportunity. Experienced attorneys understand the complexity of such cases and can work with you to find effective solutions that produce positive results.
Legal fees can vary significantly from one case to another. Different factors can influence legal costs, including the complexity of the case, the number of parties involved in the legal matter and the value of the financial assets at stake. Which law firm you decide to hire can also significantly affect how much you spend on legal fees. Some law firms charge significantly more than others and don’t take financial considerations into account when handling business litigation cases. That’s why it’s important to talk about legal fees and a law firm’s philosophy about them up front. Ask an attorney how much they charge and what you can expect to spend on legal fees for your case. Financially-minded attorneys focused on finding cost-effective solutions will often welcome such discussions and clearly explain what to expect so there are no surprises later.
Businesses constantly hire consultants and specialists to deal with a wide range of matters to improve business performance. The same should be true if your company is dealing with a complex legal matter that could jeopardize the future of your company or drain precious financial assets. That’s why it’s critical that you have a skilled business litigation attorney on your side that knows the law and understands what to do in different legal situations.