Mega Title; Business Law | Civil Law | Los Angeles | Business Litigation Meta Tags: When business disputes arise litigation is a way to remedy the situation. Call Barrington Legal at 800-376-9719. Protecting Your Business Interests Commercial law, also known as business law, applies to the conduct of persons and businesses engaged in commerce, merchandising, trade and sales. It can be understood to regulate contracts, hiring and the manufacture and sales of consumer goods. Business disputes arise, and when they can’t be resolved through negotiation or arbitration proceedings, business litigation is a way to remedy the situation. This could be a private individual or a business entity that has a legal issue with another business entity. A good business litigation lawyer can be invaluable in protecting your rights and your company’s business interests. Some categories: • Finances and investments: If an investment broker has not acted ethically, or does not act in the best interest of the client especially where the investor suffers a financial loss, that can be grounds for business litigation. • Intellectual property: Rights protect the products of human intelligence and creation, such as copyright works, inventions, trademarks and trade secrets. Infringement of a patent, trademark or copyright is grounds for business litigation. • Breach of fiduciary duty: Fiduciary duty is when an individual in whom another has placed trust and confidence manages and protects property or money. The fiduciary relationship is where one person has an obligation to act for another’s benefit. This is generally established only when the confidence given by one person is actually accepted by the other person. Particular scrutiny is placed upon any transaction in which a dominant individual obtains any advantage or profit at the expense of the other party under their influence. Breach of fiduciary duty commonly falls under the following categories: • Breach of reasonable care (negligence)
• • • •
Breach of duty of loyalty Breach of confidentiality Intentional wrongs such as fraud Negligent misrepresentation
Insurance disputes: When an insurance policy holder disagrees with the insurance company on the amount to settle their claim. The disputes can be about claim damage to buildings or property. Litigation in a court of law is an option after other forms of resolving the disputes, such as mediation or arbitration, have failed.