What is Business Litigation?
What is business litigation and what are some of the most common business lawsuits?
Business litigation involves legal disputes in large or small companies and applies to all categories of civil litigation pertaining to a business. Litigation is the process of having a dispute resolved in a court of law or in another formal legal proceeding.
Florida business litigation attorney L. Reed Bloodworth, Founder and CEO of Bloodworth Law, represents individuals and companies in business legal disputes and explains that business litigation is a very general term used to describe a broad area of civil litigation.
“Business litigation is a type of lawsuit that can affect virtually any aspect of business, or you as a business owner, and your involvement with your business,” Reed said.
Reed explains this area of law and what he can do to assist you if you’re faced with a breach of contract, business ownership disputes, or any other type of business law issue where you’re experiencing financial loss, wrongs, or damages.
Some of the most common types of business litigation that Reed and Bloodworth Law handle are:
- Breach of Contract
- Shareholder & Partnership Disputes
- Business Torts
Breach of Contract
What is a breach of contract? It is when a binding agreement between parties that is legally enforceable, whether a written contract or a verbal contract, is breached by one party. And, if when one of the parties breaches the contract, the other party suffers a type of financial damage, it is a breach of contract.
A breach of contract means that you had a contract with a person or entity. One party violated that contract in some aspect. And as a result of that, damages were suffered by one party.
Shareholder & Partnership Disputes
A shareholder pertains to partners or owners of a corporation. A partnership is a subset of business litigation involving company owners.
Reed provides legal services to business owners in shareholder & partnership disputes. And in that type of scenario, Reed often represents a minority owner in a business against a majority owner of a business as a result of some sort of tort. It may be a Breach of Fiduciary Duty committed by the owner, the primary owner of the business, against you, the minority owner of the business.
“Business Torts are a common name for the various types of actions that we may bring in a lawsuit on your behalf,” Reed said. “Business torts are vast and cover lawsuits between parties over business and regarding businesses.”
Tort law provides businesses and individuals with a civil legal remedy for a range of actions. Some of the more typical business torts are:
- Breach of Fiduciary Duty
- Fraudulent Misrepresentation
- Negligent Misrepresentation
Breach of Fiduciary Duty
A Breach of Fiduciary Duty means that someone that may hold power over you or has accepted a responsibility pertaining to you in a business situation has breached that duty. As a result of that breach, you suffered damages.
Negligent Misrepresentation & Fraudulent Misrepresentation
Finally, in negligent misrepresentation and fraudulent misrepresentation, someone said something to you or made a representation to you that wound up being incorrect. You relied on that representation and as a result of your reliance on that misrepresentation, you suffered damages.
So these are some of the basic types of business litigation representation where every case is going to be different. Your case is not going to be like any other.
Reed Bloodworth, Founder and CEO of Bloodworth Law, has been a business litigation attorney since 2004. Talk with Reed about your case and find out how Bloodworth Law can help you, your family, or your business.Consider sharing this post