Business Litigation
With a wide variety of business litigation attorneys in Chicago and the Chicagoland area to choose from, picking the right attorney can seem downright impossible. Make sure when choosing a business litigation attorney, that you’re choosing someone with the experience to get you results and the track record to prove it! Also understand what it is that they do. Many attorneys offer similar services, but what are these services, and what do they entail? Below are some of the services that a business litigation attorney offers and a brief description of each.
Breach of Contract
When two parties enter into a contract, they are bound by law to adhere to the terms of that contract. However, all-too-often one of the parties breaches the contract by violating a term or condition. This can result in damages to the non-breaching party. The non-breaching party may have several courses of action to recover damages, including suing to recover damages, enforcing the contract for specific performance, or canceling the contract and suing for restitution.
Business Collections
Business litigation attorneys in Chicago will perform collection actions on delinquent commercial accounts. Business litigation attorneys will fight hard to collect the commercial funds you are owed. Delinquent commercial debts can have detrimental effects on a business, and therefore must be pursued.
Business Tort
Business torts, otherwise known as economic torts, arise from business transactions and usually involve economic loss of some kind. Some of the most common business torts are fraud, unfair business practices, and breach of fiduciary duty. Fraud is committed by intentional misrepresentation of material facts by one party that leads to damages sustained by another party, who relied on the truth of the stated “facts.” Unfair business practices may include a variety of practices that lead to unfair economic loss to one party. Finally, breach of fiduciary duty, which is generally based on state law, is failing to act in the best interest of another party to whom a fiduciary duty was owed.
Insurance Coverage
Insurance coverage cases vary in scope and size. Sometimes, an insurance company fails to provide insurance coverage in bad faith. Insurance companies may also withhold payments, or underpay to protect their own interests. Whatever the case may be, you’ll want an experienced business litigation attorney to handle the dispute.
Real Estate
Real Estate litigation may be between commercial landlords and tenants such as evictions or breach of terms of a lease, refer to the purchase and sale of real estate, or may have to do with property disputes. Handling commercial real estate cases may result in mediation, negotiation, or litigation. Regardless, you’ll want a seasoned business litigation attorney on your side!
