Many businesses often have a hard time dealing with commercial litigation matters. When a debtor refuses to repay your debt, or there is a contract dispute, you need to pursue legal action. As someone in charge, you have other priorities, and it makes sense to seek legal help. A commercial litigation attorney can help with all that and much more. Here’s what you need to know.
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How can an attorney help?
Your attorney will first discuss your business’s situation and the legal options you can consider for your circumstances. They will also help minimize friction and find ways to settle the matter (or recover the money) without going to court. Many commercial litigation matters do end up in trial, and if that happens, your lawyer will determine the strategy for that. Attorneys with years of experience know what it takes to resolve business disputes, and their expertise can come in handy.
Common reasons to hire an attorney
Every business needs a legal team in place to handle commercial litigation. Nevertheless, you should hire an attorney if you have –
- Disputes related to contracts
- A case of business fraud
- Antitrust Litigation
- Infringement of copyrights and patents
- Franchise-related Disputes
- Disputes concerning employees
- Legal issues related to intellectual disputes
- Collection of judgments, fees, and commissions
How much do lawyers charge for business litigation?
The cost of hiring a commercial litigation lawyer depends on the type of the case and the lawyer’s experience. Many law firms work on a contingency fee when it comes to cases that involve financial recovery. Besides a small upfront fee, you don’t have to pay anything to your lawyer until you recover a settlement. Some lawyers, on the contrary, may also charge a flat fee or an hourly rate.
Finding a good legal team
When you look for law firms, consider if their lawyers specialize in commercial litigation and transactional law. Ask about their work experience and if they have represented clients in court. Not all attorneys have extensive experience being in the courtroom. You can also consider the reviews of an attorney or law firm to know about their credibility. Check their websites and social media profiles for such reviews. You can also ask for references. A good lawyer will take the time to know the needs and goals of your business and will customize their services accordingly to fetch you the best possible outcome.
Don’t delay taking a lawyer in the loop for your business litigation matters.