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Common Types of Commercial Disputes

While many business transactions go according to plan, some lead to disputes. Business disputes, also known as commercial disputes, can arise out of a number of situations. The variety of events that can result in a commercial dispute makes it a common issue with which businesses must contend. In this article, we...

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Contract documents

Contract Breaches: Four Types of Issues

A breach of contract occurs when a party to a contractual agreement fails to abide by one or more of its terms. When a party fails to abide by its contractual obligations, the other party may file a breach of contract action in court. Contract breaches fall into one of four categories....

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business partners in the middle of a dispute

Partnership Disputes

Although people don’t enter business partnerships with an expectation of conflict, legal disputes are common in the business arena. To avoid such disputes and the costly litigation that often accompanies them, business partners often include provisions in their business formation documents that dictate how the partners will resolve conflicts when they arise....

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Business Torts: Common Issues

Also known as an economic tort, a business tort is a wrongful action that is taken against a business with the intention to cause it harm. Business torts often result in lost profits, damaged reputation, loss of market share, and loss of competitive advantage. Business torts can either be committed intentionally or...

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What is Breach of Fiduciary Duty?

A fiduciary is a person who has a legal or ethical duty to act in the best interests of another party. When a fiduciary fails to do so, this is called a breach of fiduciary duty. A person who suffers losses due to a breach of fiduciary duty may be entitled to...

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Two figures discussing a contract

Common Contract Breach Defenses

A breach of contract occurs when one party to a contract fails to abide by one or more of its terms. When a party breaches a contract, the other party may file a breach of contract action in court. However, breaching parties aren’t without options when it comes to breach of contract...

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Contract documents

Breach of Contract Litigation

Breach of contract litigation is a frequent occurrence for businesses large and small. Contracts are the foundation of the business world. Without contracts, it would be practically impossible to reliably conduct business. When one party to a contract fails to fulfill its contractual obligations, this is called a breach of contract. When...

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