why you need a lawyer for business litigation

Reasons Why You Need A Business Lawyer

• Hiring and Firing Employees Often times prospective employees or employees who have worked for you might attempt to sue...
• Governmental Complaints Against Your Business Often times businesses can have complaints drawn against them by...
• Negotiations of Acquisition or Sale Business lawyers are able to draft the paperwork and assist...

Full Answer

How can a lawyer help my business?

Meeting with a lawyer can help you understand your options and how to best protect your rights. Visit our attorney directory to find a lawyer near you who can help. Contact a qualified business attorney to help you address potential challenges a business can face.

Should I hire a small business lawyer?

The perception is that attorneys charge high rates and many small businesses don't have much, if any, extra capital with which to pay lawyers. As a result, most small business owners only hire an attorney experienced with business matters when confronted with a serious legal problem (e.g., you're sued by a customer).

Do I need an attorney for pre-prevention?

Prevention does not necessarily involve hiring an attorney, though consulting with one wouldn't hurt. By the time you or your business is sued, the preventable damage has been done and the only question that remains is how much you'll be paying in attorney's fees, court fees, and damages.

What happens when you get sued by a lawyer?

By the time you or your business is sued, the preventable damage has been done and the only question that remains is how much you'll be paying in attorney's fees, court fees, and damages.

Why lawyers are needed in business?

A good business attorney will provide vital assistance in almost every aspect of your business, from basic zoning compliance and copyright and trademark advice to formal business incorporation and lawsuits and liability. First, some general rules about dealing with lawyers: If you are being sued, it's too late.

Why is litigation bad for business?

Publicized disputes can tarnish a company's reputation. Contract disputes and accusations of fraud can force a company to put business on hold. Litigation can ultimately decline a company's value, drive down sales, or even cause a business to fold.

Why do most business law cases settle?

Even if a party does not get everything it wants in settlement, it usually avoids a lot of attorney's fees and court costs by settling prior to trial. Under the American system of justice the loser usually does not pay the winner's attorney's fees, so settlement often makes financial sense.

Why do people choose litigation?

Setting a precedent that you aren't a pushover or will not be coerced into rolling over in a spurious dispute may be the most important reason for you to choose litigation. A company's intellectual property can be its most important asset, and protecting it can be an essential part of your business.

Why you should avoid litigation?

There are many compelling reasons why you would want to avoid litigation. It can be time consuming, distracting and expensive, sometimes costing more than the amount in dispute. Time spent preparing a matter for trial takes away time and money from your business.

How much does it cost to sue a company?

Typically in a civil lawsuit, it can cost $1,500-$5,000 to initiate an action and have a lawyer deliver a Statement of Claim. Responding to the opposing side's documents and conducting examinations for discovery will likely involve another $3,500-$5,000.

When should you litigate?

There are situations in which one should not settle. It is usually inadvisable to settle solely due to a lack of self-confidence, to placate someone else in spite of one's firm conviction, gut instincts, or best judgment or because of temporary fatigue, depression, or a lack of moral courage.

What percentage of cases are settled before trial?

By the Numbers Kiser, principal analyst at DecisionSet, states, “The vast majority of cases do settle — from 80 to 92 percent by some estimates.” Other sources even claim that this number is closer to 97 percent.

How do you negotiate out of court settlement?

How to Settle a Case Out of Court: Tips for BusinessesPut the issue into perspective. Before you do anything else, it helps to put the issue in perspective. ... Keep good records. ... Appeal to a sense of fairness. ... ACAS and/or Judicial Mediation. ... Assume the best and keep your cool. ... Figure out how to settle a case out of Court.

Why would a business prefer mediation instead of litigation?

Mediation helps the involved parties find common ground. In contrast, in Arbitrations the Arbitrator will make a decision for the parties as a judge would in court. There are a number of situations where Mediation is a more applicable form of ADR and situations where Arbitration is more applicable.

What can a business lawyer do?

An experienced business lawyer can help you avoid mistakes of which you were not even aware.

Why is it important to have a lawyer on your team?

Having a lawyer on your team can tilt the field to your advantage in the event of a lawsuit. If you are threatened with legal action, having a lawyer already on your team means that he already knows your business, which allows him to hit the ground running. Even more importantly, a savvy business lawyer will have constructed your business ...

What to do if a client owes you money?

If a client, vendor, partner, or other associate owes you money and is dragging his feet on the matter, by simply asking your lawyer to send a request on your behalf, you can motiva te immediate action. In the event that this alone is not enough to convince the individual to pay, your lawyer will know what your next steps should be in order to collect the money you are owed.

Why do business owners need a lawyer?

One of the biggest mistakes business owners make is only hiring a lawyer when they’re already in the middle of business litigation . Being asked to be present in court and prepare the necessary pieces of evidence can be nerve-wracking, which is why business owners would invest in a lawyer to help them settle all of these things.

What can a lawyer do for a business in Tulsa?

A lawyer can also administer worker’s compensation to ensure that your employees are well-paid after injuries and accidents. If your business is located in Tulsa, there is a reputable Lawyer Charles J. Kania that can help you with this and other legal requirements that your business might need.

Why do businesses merge?

It’s common for business owners to invest in partnerships or merge with other businesses if they notice that theirs is growing. Any of these professional relationships can help your business earn more profit and gain more customers. While it can be very tempting to handle all these things on your own, it’s best if you won’t.

Do you need to sign a business contract to seal a deal?

Gone are the days when business partnerships are sealed with a firm handshake. Today, you need to create and sign a business contract to seal the deal. This is also applicable to the professional relationship you’ll make with your suppliers and employees.

Can a business operate without employees?

Your business can’t fully operate without employees. Regardless of the target audience and the nature of your business, you’ll need several employees to help you out. The bigger your company gets, the more employees you’ll have to hire to work with you.

What are the most important things to do in business?

10. Contracts. Most businesses execute contracts for space, services, and supplies. Businesses often have agreements between partners, investors, and employees. It is important to get it right so you don't end up in court. 9. Registering, Licensing, and Permits.

What are the laws that fill in the gaps for business entities?

Most states have adopted "Uniform Laws" that fill in the gaps for business entities where their charters, by-laws, and other organizing documents are silent. You may be subject to a whole set of laws and regulations that you don't even know exist. 2. Tax.

Why is it important to hire a business lawyer?

On top of this, it is important to have a business lawyer help make certain decisions such as hiring independent contractors, hiring employees, what questions are allowed to be asked during an interview, etc. as every scenario has specific laws which need to be adhered to. It is important to have legal expertise ready and at hand should any law suits arise.

What is a business lawyer?

Business lawyers are able to draft the paperwork and assist during negotiations of sale and company or asset acquisition. On top of this a good business lawyer will do due diligence in being able to correctly value a business. Helping you get the most from your sale or purchase.

What is drafting a contract?

Drafting Documents. Signing and drafting contracts is part of the cost of business. Business lawyers specialize in all forms of business law and will be able to assist you in drafting important documents as they are experts at identifying additional language and clauses which might need to be added to a document.

Can a business have a complaint against it?

Often times businesses can have complaints drawn against them by governmental, state or local institutions, this can be followed with an investigation into the company for violation of state and governmental laws. This can arise from an employee laying a complaint against your business to incorrect tax returns. At times like this it is important to have a business lawyer to help you resolve these issues as they arise.

Can a business lawyer help you?

This is a list of just a few examples where business lawyers might be able to assist you and your company. While there are times in which a business owner can handle most of the problems that come their way, there are still complex scenarios which would require legal help.

Is a business lawyer necessary?

A business lawyer is not always seen as a necessity for most business owners. However, without a business lawyer you’ll be at a disadvantage in today’s corporate world.