Litigation is the practice of filing a lawsuit against another party for a particular outcome and/or compensation. Civil litigation is often two or more private parties suing each other, whereas commercial litigation involves at least one business. Here are three scenarios where commercial litigation takes precedence over civil litigation.
You Sue the Business
You, as a private party, sue a business or something the business did or failed to do. You are taking on not just one person, but a whole company, which is a very bold thing to do.
If you do not know where you are going to come up with the money you need to pay off all the bills and debts you have, you may want to consider evaluating Chapter 7 bankruptcy. This branch of bankruptcy could help you eliminate some of the debts you are having trouble paying; however, it will not stop a foreclosure. If you are facing a foreclosure, you may want to file for Chapter 7, but you should consider getting a loan modification first.
When you decided to start a business, you probably had no idea just how massive of an undertaking you were embarking on. As if the day-to-day operations weren't enough to focus on, it's also important that you be mindful of your interaction with your employees. Even one mistake could put you at risk of violating local and federal employment laws.
Scheduling Breaks Incorrectly
Surely, you understand that providing employees with breaks is important.
Without sound business contracts in place, your business relations with contractors, vendors, and customers will stay in a constant state of turmoil. Although there are basic contracts available, drafting your own contracts helps to ensure that the documents fully protect you and your business. Here are mistakes you should avoid when drafting the contracts.
Failing to Research Your Needs
Your starting point for the contracts needs to be researching the needs of your business and special challenges you could face.