Some attorneys are generalists, while others stick to one practice area or set of clientele. Suppose you have legal concerns that fall into the category of business litigation.
In that case, you’ll want to talk to a business litigation attorney who specializes in this particular niche area of law.
Learn What Business Litigation Attorneys Do:
1. Breach of contract
The most common lawsuit brought to court by business litigation attorneys is regarding breach of contract. This type of lawsuit occurs when a party fails to uphold their end of an agreement, either in part or in whole.
When damages are awarded to a plaintiff in such a case, it can range from several hundred dollars to millions for large corporations and contracts with numerous parties involved.
2. Breach of fiduciary duty
Fiduciary duty is a legal responsibility given to someone trusted to make decisions and take care of specific affairs for another party. If someone fails to uphold their fiduciary duty, they can be held liable in a court of law.
There are different fiduciary duties, each type about a specific relationship. For example, corporate officers have fiduciary duties to shareholders; real estate agents have duties to clients, and doctors have duties to patients.
Breach of fiduciary duty happens when one person in these relationships violates that trust by misbehaving or failing to act. This can lead to severe consequences like financial loss or emotional distress that business litigation attorneys can litigate.
3. Real estate litigation
Real estate is one of those things that’s hard to wrap your head around until you get into it. Whether you’re a buyer, seller, landlord, or tenant, there are many things to keep track of when it comes to property.
But every situation is different and complex in its way. Because real estate deals can be highly complicated, having an attorney on your side can be a significant advantage.
4. Corporate litigation
It’s an unfortunate reality of American life that corporate entities regularly file legal proceedings against one another. Sometimes it’s a hedge fund against a tech company, and sometimes it’s Coca-Cola versus PepsiCo.
No matter what you’re going against, a business litigation attorney can help—whether your dispute is about patent rights or intellectual property.
5. Insurance litigation
The primary job of a business litigation attorney is to defend their client’s company against lawsuits. But what if your client has wronged someone else somehow, and they decide to pursue action against them by using them in court?
Business litigation lawyers can also be involved in insurance-related disputes and breach of contract situations. These cases often require expert knowledge of complex legal systems and time-consuming investigations.
6. Business torts
Business litigation attorneys help in business torts, including negligence, product liability, intentional infliction of emotional distress, violation of fiduciary duty, breach of contract, unfair competition, etc.
They are legal claims that a company or individual can file if they have been harmed or have suffered damages due to another company’s actions. Business litigation attorneys seek compensation for these damages based on broken contracts.
Many people assume that business law and litigation are the same, but they couldn’t be more wrong. Business litigation is merely a subset of what lawyers who specialize in business law do daily.
If you have any issue that falls into any of the above categories, consult a certified business litigation attorney today!
Arnab is a passionate blogger. He shares sentient blogs on topics like current affairs, business, lifestyle, health, etc. To get more of his contributions, follow Smart Business Daily.