In order to protect yourself and your business, it is crucial to have a firm understanding of the laws and regulations in place. There may be instances where you find yourself in an uncomfortable or unwelcome situation either facing business litigation or the victim of another business's illegal tactics. In order to best understand how to proceed, let us first take a look at the basics of business litigation.
In every business litigation suit, there are two sides, the litigant also known as the accused, and the complainant, commonly known as the accuser. When there is more than one complainant, it is often referred to as a class action suit.
It is not uncommon for business litigation suits to be the result of a contract dispute or breach of contract. Although a suit may go to court, it is not uncommon for litigation attorneys to work together and try to mediate the negotiations. This could save both time and money to all parties and could wind up with a solution favorable to both sides. Knowing the laws and having a firm understanding of the litigation could is essential and is often best done with legal attorneys familiar with business law.
If your find yourself in a business litigation suit, regardless of which side you are on, it would likely be in your best interest to arm yourself with a strong business law team at your side. Having an experienced firm at your side can make all the difference in showing you the laws, what was broken and how to best proceed in either defending yourself or fighting to protect your rights and your business.
Source: wiseGEEK, "What is business litigation?" Accessed June 18, 2017