Hello I’m attorney Reed Bloodworth and I’d like to talk to you about What is Business Litigation? Or what happens in a business lawsuit?
What is Business Litigation
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 and your involvement with you and your business.
I’ll tell you a little bit more about this area of law and what I can do to assist you if you’re faced with contract, ownership disputes or any other type of business law issue where you’re experiencing financial loss, wrongs or damages. Some of the common types of business litigation are:
- A Breach of Contract
- Shareholder & Partnership Disputes
- Business Torts
Breach of Contract
A Breach of Contract means that you had a contract with a person or entity. They violated that contract in some aspect. And as a result of that you suffered damages. That’s a very common Business Litigation.
Shareholder & Partnership Disputes
Reed also provides legal services to business owners in shareholder & partnership disputes. And in that type of scenario, Reed usually represents a minority owner in a business against a majority owner of a business as a result of some sort of tort. Usually it’s 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 all the various types of actions that we may bring in a lawsuit on your behalf. 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 representation. Now every case is going to be different. Your case is not going to be like any other.
Again, my name is Reed Bloodworth and I’ve been a business litigation, trust & estate litigation and personal injury litigation attorney since 2004. Let’s talk about your case and find out what happened to you.