Business litigation is an umbrella term that is given to disputes between individuals, companies, or even government entities in the context of business transactions. There are several types of business disputes that can lead to a lawsuit. However, some of the most common issues that give rise to legal action are breach of contract, partnership disputes, unpaid invoices, business fraud, as well as nondisclosure and trade secret violations. Because these areas are usually complex and require an extensive understanding of business and commercial law, it is necessary to hire a business litigation attorney to secure a favorable resolution.

Business litigation can become an involved and drawn out process that can negatively impact your company in major ways. For example, you may lose a lot of time handling legal matters. Public relation issues may also arise from having your business involved in a lawsuit, or you may find your profits affected in some way. This is why it is imperative to hire an experienced litigation attorney who will work to protect your business interests and seek out different options for resolving litigation as quickly as possible. They have the knowledge needed to make crucial decisions with regards to filing or disputing a claim, taking part in alternative dispute resolution, and other issues that can lead to a more beneficial outcome.

In handling a business lawsuit for a plaintiff or defendant, a business litigation attorney needs to have a comprehensive understanding of your business as well as what led to the current dispute. In order to aid your attorney, take the time to write down a detailed chronology of the events surrounding your company’s legal issues. Be sure to provide specific information with regard to each incident such as what information was exchanged, who was privy to this information, when the exchange took place, etc. Your attorney will be able to work from this chronology and extrapolate points in order to help your case.

Because of the complex issues involved, business litigation can become a long process that many businesspeople can ill afford. As such, business litigation attorneys will often look to alternative dispute resolution (ADR). The ADR process is a means of settling disputes outside of litigation, greatly reducing the time and money clients spend on getting their legal issues resolved in court. Some of the more popular ADR methods are arbitration and mediation. In arbitration a neutral third-party hears both sides of a dispute as in an informal trial and reaches a decision. Mediation provides a more collaborative environment where a mediator works alongside each party to reach a fair resolution both sides can agree on.