If you own a business, then you are at risk of being sued. Disputes can arise from a number of sources including other companies, individuals or government agencies, to name a few. You can be sued by anyone affected by your business, whether you know it or not. From Fortune 500 companies down to local small business owners you can be sued at any time.
What is business litigation? Business litigation includes any issue arising out of a business transaction, including breach of contract, partnership/joint venture disputes, class action torts, civil claims, breach of fiduciary duty and issues with shareholders.
If you make a product used by the public, you can be sued by anyone affected by the use of that product. If you sign a contract, you can be sued for any violation of any clause of that contract. If you have employees, you can be sued for any actions your employees take. The U.S. has over 400 regulatory agencies making rules that control how and where you do business. The rules are constantly changing, and you could be sued for any violation.
Lawsuits can cost you a significant amount of money. These are complex issues requiring delicate handling of the issues.
Part of limiting the cost of a lawsuit is taking the right steps from the beginning. You must notify a licensed attorney right away. Any delay can cost you more money and headache. An experienced attorney can make quick decisions.
This is a business law blog. It is not intended to be used as legal advice. For further information please contact the law offices of attorney Ramona Kennedy.
Ramona Kennedy (Attorney) received her Jurisprudence Doctorate in America and is a licensed attorney in California (USA). Ramona Kennedy is a member of California and Los Angeles Bar Association and Better Business Bureau (BBB).
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