When you create a business, it is often more than just a business. It is a representation of your values and contributions to your family, the community, and the world. The best business relationships are partnerships in a shared vision. However, like any other relationship, business relationships can deteriorate. This can sometimes be the genesis of a commercial business dispute.
Business law is incredibly complex and can be between individuals or between entities, including consumers, clients, or state or federal government entities. The expert counsel of knowledgeable lawyers, like the attorneys at Gaslowitz Frankel LLC, can make complex and emotional disputes easier to navigate.
What Are Some Common Causes of Business Disputes?
Business disputes may encompass all the aspects of the relationship.
Contract Disputes
Almost all businesses rely on written contracts, but not all contracts are perfectly written, and needs can change over years, meaning that even the best-written contract cannot anticipate every situation. Disputes may arise if one or more parties breach the contract or if the parties disagree on the interpretation of the contract.
Business Dissolution and Reorganization
When business partnerships become irreconcilable, many consider dissolution, buy-outs, or transfers of control. Making such structural changes to a business requires legal counsel to ensure that all issues are properly resolved.
Shareholder or Partnership Disagreements
Business partners have a fiduciary duty to act in the best interests of the company. A breach of these duties, like self-dealing or pursuing interests that conflict with those of the company, can be grounds for a business dispute. Litigation can take place among officers, directors and shareholders, or among partners.
Conversion or Misappropriation of Corporate Assets or Opportunities
Misappropriating money or assets of a corporation or partnership can subject a partner, officer, or director to removal from that partnership and liability for damages. Taking a business opportunity for one’s personal benefit rather than the benefit of the company is also a breach of the fiduciary duty owed to the company or partnership.
Other Common Business Disputes
Other examples of business disputes that may require the assistance of a business litigator include unfair competition lawsuits, shareholder conflict, insider trading, class action claims, data breaches, zoning and land use conflicts, investment scams, employment law, reputational damage, and many more.
Find Supportive Representation for Your Business Dispute
The premier Atlanta business dispute lawyers at Gaslowitz Frankel can provide a knowledgeable and hard-hitting representation for your case. Fill out our contact form for a free consultation.
