Involved in a Business Dispute?
Chicago Business Litigation Attorney Offers Dispute Resolution Options
If you own a small business in Chicago or anywhere else, you likely have business dealings with many different parties. You may conduct business transactions with customers, vendors and contractors as well as your landlord, business partners and other groups. Eventually, you may face a dispute with one or more of these parties over some aspect of business. While taking steps to protect yourself and your company can prevent certain disagreements, there is no way to guarantee that you will never face business disputes. If you do find yourself in such a conflict, then a business litigation attorney may be able to help resolve the disagreement through alternative dispute resolution. In the event that the matter simply cannot be resolved, an attorney can defend your rights and interests in court.
At LAD Law Group, P.C., our legal team has experience representing businesses in dispute resolution as well as workers in employment contract matters. We can recommend alternatives such as mediation or arbitration, and we will aggressively defend your rights in negotiations or in the courtroom.
What are Common Business Disputes That May Require Legal Action?
Business disputes may arise for any reason related to any aspect of your company. You may also find yourself on either side of the conflict; you may bring an action against another entity, or have one brought against you. Some of the most common types of business disputes include:
- Breach of contract. In any business contract, from vendor agreements to employment contracts, if one party fails to uphold the agreed upon terms, then the other party typically has legal recourse. Nonpayment for services or goods, contractor issues and late or missed deliveries are common contract disputes.
- Partnership conflicts. If more than one person owns or has an interest in a business, disputes may arise over the company‚Äôs management, operation or finances.
- Trademark, patent or copyright infringement. You can protect your rights to intellectual property in several ways. If another entity, whether affiliated with your business or not, infringes on these rights, then you may have grounds for a lawsuit against that entity.
- Employment claims. Many business disputes involve employment contracts and/or company policies and procedures. LAD Law Group, P.C. also handles employment discrimination and harassment claims, though these issues are generally not considered business disputes.
- Customer disputes. You may face a conflict if a customer is unhappy with a product or service you provide, even if you had no formal contract. This can lead to potentially costly litigation, depending on your business and the details of the dispute.
If you own a small business in Chicago, you should address any possible disputes as soon as possible by contacting a business litigation lawyer. Often, prompt action can help you avoid a prolonged lawsuit or a more complex claim. You may also be able to benefit from an alternative dispute resolution strategy if you act in a timely manner.
What is Alternative Dispute Resolution and How Can It Help?
One way to settle a business dispute is to go to court. Your business litigation attorney can present your evidence and argue your case before a judge. These kinds of lawsuits can take months, sometimes years, to resolve and are usually costly to both sides. However, you may be able to use an alternative dispute resolution (ADR) method to avoid the time and headaches of a traditional lawsuit. The two general options for ADR are arbitration and mediation, described below:
- Arbitration. Typically, arbitration is a specified option in a contract or agreement with the other party prior to the dispute. Otherwise, both parties must agree to this method of ADR. The arbitration process involves a neutral third party (arbitrator) who hears both sides of the argument, considers the evidence and documentation, and then issues a decision. This decision is legally binding. The arbitration process is less formal than a trial and is often less expensive.
- Mediation. Dispute resolution through mediation also involves a neutral third party, the mediator. However, unlike an arbitrator, a mediator does not issue a legally binding decision in the case. Instead, the mediator works to facilitate discussion and negotiation between the two parties. In a successful mediation, both sides will agree to a mutually acceptable settlement, resolving the dispute.
Using an ADR strategy can help you save time and money in resolving your business disputes. However, in both arbitration and mediation, you should have a qualified business attorney on your side. Both arbitrators and mediators should be neutral third parties, and so they cannot offer you legal advice during the proceedings. Hiring your own business attorney ensures that you have someone who knows your side of the case and can protect your best interests.
Learn More About Dispute Resolution From a Business Litigation Attorney
No matter what kind of business dispute you face, a qualified business litigation attorney can advise you of your options. You may be able to use alternative dispute resolution to settle your conflicts more quickly. Otherwise, a business lawyer can fully investigate your case and prepare a compelling argument for the courtroom.