Business partnerships and relationships are always a great way for commercial growth in any industry. However, with two or more companies coming together there is always the risk of disputes and misunderstanding at one point in time. It’s quite unfortunate whenever this happens because business ties may get destroyed and the whole situation can be quite costly for all parties. That is why it is always recommended to seek legal advice from commercial litigation lawyers such as Webstero’brien www.websterobrien.com who offer their expert guidance whenever you are signing contracts or wanting to resolve disputes effectively.
Commercial litigation lawyers are tasked with the responsibility of representing the company’s best interest whenever it is faced with serious legal matters. Their main aim is to efficiently resolve any disputes and injunctions or lawsuits that threaten the normal running of the company. Commercial dispute lawyers like Webstero’brien www.websterobrien.com pursue the best and most efficient way of resolving the matter so there are no heavy penalties/serious financial dents to the company.
Some of the most common commercial disputes that most UK companies are faced with are such as;
– Contract disputes
– Borrower protection claims
– Financial and banking services disagreements
– Professional negligence
– Shareholder or corporate board disputes
– Commercial fraud
– Intellectual property dispute
There are basically two ways of resolving commercial disputes whenever they arise. These are;
1. Pursuing legal action
Filling a case at a local court through commercial dispute litigation is one way of resolving conflict. When a case ends up on court you will really need the services of an expert lawyer regardless of whether you are defending or fighting a claim.
Since normally court cases take ages to settle, it can get quite frustrating and costly for both parties for just going through the court process. By the time the case is settled, both parties could lose a business fortune and it is for this reason that most lawyers usually advise alternative dispute resolution strategies.
Mediation can be a quick, efficient and cost effective way of resolving dispute without the need for litigation. In fact, in most commercial mediation process you just need one expert lawyer, who is neutral and does not have any interest in either party.
Mediation as a way of settling commercial disputes is less confrontational than a court process and besides saving you money, business relationships can also be salvaged from an irretrievable breakdown.
When faced with a commercial business dispute, you should first be open to solving the differences out of court. But, if there is no chance of mediation then hire an astute lawyer that will represent your best interest in court and fight out for a win.
In conclusion, no one likes commercial disputes, but when it happens you are better of being represented by a lawyer with the experience in settling such cases quickly, cost effectively and with minimal risks regardless of how you choose to resolve the matter. Talk to Webstero’brien solicitors today at www.websterobrien.com and find the best support to help you in resolving your business dispute.