Business disputes are not always as simple as their commercial counterparts. Litigation is expensive and time-consuming, with no guarantee that you will end up with a favorable ruling or judgment. This has led many business owners to seek alternative arrangements such as arbitration and mediation. They assume these processes will be faster and less costly than traditional litigation. However, they may not realize that an attorney skilled in commercial litigation can provide them with the best of both worlds: the cost-effective resolution of their dispute without sacrificing quality or expertise.
A litigation lawyer has experience handling disputes between businesses and understands how to maximize value for all parties involved: clients, defendants, and judicial officers alike. While the best resolution of a business-to-business dispute may be a settlement, an experienced commercial litigation lawyer knows how to take your case to trial and will do so if necessary.
Business Disputes are Different From Consumer Disputes
While many business disputes involve contracts between two businesses, others may stem from disagreements over employment or intellectual property issues. Regardless of the source or nature of the disagreement, each party is seeking compensation for perceived wrongdoing by the other party. This element alone warrants retaining an attorney who understands not just litigation procedures but also what you’re seeking in terms of compensation. A consumer dispute would likely see one party “winning” and another “losing.” However, since both parties often seek money as part of their redress – after all, that’s what litigation is for – the attorney you choose should be able to craft a solution that satisfies both parties.
Arbitration and mediation are alternative methods of resolving business disputes without resorting to litigation. Even if your objective is a settlement, an experienced commercial litigation lawyer can help increase your chances of succeeding by maximizing value at every stage of the process. After all, the best resolution may not come in the form of money but rather something else entirely. It could be agreed-upon changes in practices or policy, contingent on payment, or some other arrangement mutually agreeable to all parties involved. A skilled commercial litigation lawyer knows how to reach this end result regardless.
You Need More than Just Legal Experience
An attorney with experience handling commercial disputes is a must. However, litigation is a special field of law that may require the services of an attorney who focuses exclusively on this area.
In conclusion, litigation should never be used as a first resort but rather as the last one. The high costs involved should not prevent you from seeking legal representation should litigation become necessary to resolve your commercial dispute. Retaining an attorney with experience in commercial litigation is the best way to protect your interests and resolve business disputes quickly and cost-effectively.
