Breaking Legal News & Current Law Headlines | Daily Legal Briefing
  • Home
  • Hot Topics
  • Breaking
  • Business
  • Big Law
  • Small Law
  • Law School
  • Legal Tech
No Result
View All Result
No Result
View All Result
Breaking Legal News & Current Law Headlines | Daily Legal Briefing
No Result
View All Result
Home Business

What Are the Different Types of Business Litigation?

Daily Legal Briefing by Daily Legal Briefing
January 25, 2023
in Business
0
Starting Salaries for District Attorneys
4
SHARES
32
VIEWS
Share on FacebookShare on Twitter


Everyone remembers the famous McDonald’s case, where a woman suffered third-degree burns and sued the fast-food giant.


Running a business is a delicate mix of different operations working simultaneously. As a business owner, you know how difficult it is to handle the responsibility of managing these operations, so having ample support across all departments is vital. So, what happens when things don’t go the right way within the corporation? What if the company is facing negligence and/or concerns with unlawful activities?

There are several types of business litigation cases that one can face. If you’re facing something similar to one of the following litigation concerns, then it’s time to find a lawyer.

#1 Breach of Contract

The first type of business dispute faced by many US companies is the breach of contract. Contracts or agreements are a byproduct of every collaboration that you have with employees, third-party suppliers, and other companies. Each contract will state the nature of the professional relationship between the concerned parties and is legally binding.

However, when one of the parties fails to adhere to these rules and regulations, it can be called a breach of contract. It is especially critical when the breach has put the company at risk. 

#2 Class Action

A class action is a case wherein multiple parties are affected by a single business malpractice. It is a difficult case to file in court since it can be challenging to prove the fact that numerous parties were impacted by that wrongful action. In fact, one of the classifying factors that make the litigation valid is when there are so many parties affected that it is impractical for them to be collectively part of the lawsuit. 

#3 Breach of Fiduciary Duty

Fiduciary duty is essentially the truthful, loyal, and faithful relationship between two parties, such as the company and its shareholders. Some of the ways in which one can claim a breach of fiduciary duty are a conflict of interest, self-dealing, misuse or misdirection regarding funds, failure to provide accurate accounting records, and more. It is imperative to have adequate proof that the fiduciary breached their duty and had unfaithful motives behind certain actions and transactions; simply claiming the fact won’t do. 

#4 Fraud

Man breaking glass with one finger, the word Cybersecurity superimposed; image by TheDigitalArtist, via Pixabay.com.
Man breaking glass with one finger, the word Cybersecurity superimposed; image by TheDigitalArtist, via Pixabay.com.

Today, there is a major shift in what companies see as their potential threat. Online crimes and breaches in cybersecurity are some of the biggest concerns, and many companies have faced fraud online. 46% of industry professionals identify cybercrime as their number one threat. Another cause of concern is tax-related fraud and disputes. 

A business litigation attorney will help you identify your grievances and file a case that will seek compensation for your economic damages.

#5 Disputes in Partnership

A company is often started by different partners and run by the contribution of shareholders. However, unforeseen circumstances and disagreements between partners can lead to disputes, and sometimes, cannot be settled solely through negotiation. These disputes could range from misuse of funds, disregarding the contract, or engaging in illegal practices. These could give rise to business litigation, and if you’re stuck in a similar situation, you need to look for an attorney

#6 Trade Secret Litigation

One of the ways in which businesses maintain the standard of ethics within the corporation is through protected trade secrets. The reason why these trade secrets are protected is so that no one can conduct unauthorized use of company property and information. The moment someone crosses the line and gets a hold of these trade secrets illegally, it is considered a breach of policy.

In such cases, consulting with a business attorney is necessary so that they can help you understand the fair means through which one can acquire this information, and what should be considered a violation of privacy. 

#7 Product Liability 

Everyone remembers the famous McDonald’s case, where a woman suffered third-degree burns and sued the fast-food giant. It is one of the biggest product liability lawsuits in the world, and one of the many ways in which companies get into legal trouble. It is a given that the products that the company creates shouldn’t, in any way, cause harm to the customer. But if it does, it could lead to grueling, arduous lawsuits which, if not settled, could go on for a long time and cost a lot of money.

Final Thoughts

No business would like to get into any kind of legal trouble. It can have a major impact on them, whether they’re the plaintiff or the one causing the case. These situations give rise to immense pressure since a lot is at stake.  It is, therefore, vital to have a legal team or a firm that could guide corporations to take the correct course of action.

Make sure to maintain complete transparency with your attorney. Attorneys will ensure that you’re following all federal and employment laws and help you create a proper structure for your business and its legal framework. Be prepared and handle any possible litigation case the right way. 



Click to Read Original Article

Previous Post

We’re Still Mad, Actually: An Open Letter To The Legal Profession From A COVID-19 Bar Examinee

Next Post

Frontline Managed Services Names Legal Finance Expert Jeff Calcagno as Chief Financial Officer

Daily Legal Briefing

Daily Legal Briefing

The latest breaking legal news from across World all in one place.

Related Posts

Rebecca E. Shope to Serve on the 2023 Leadership Council on Legal Diversity 
Business

Rebecca E. Shope to Serve on the 2023 Leadership Council on Legal Diversity 

by Daily Legal Briefing
February 4, 2023
5 People You Need to Hire for Your Law Firm
Business

How to Optimize the Law Firm Sales Process

by Daily Legal Briefing
February 3, 2023
DMEC and Sedgwick Release “Long COVID: Assessing and Managing Workforce Impact” 
Business

DMEC and Sedgwick Release “Long COVID: Assessing and Managing Workforce Impact” 

by Daily Legal Briefing
February 2, 2023
The Importance of Online Presence for a Law Firm
Business

2023 Predictions for the Legal Industry

by Daily Legal Briefing
February 2, 2023
5 Business Issues That Require Legal Help
Business

5 Business Issues That Require Legal Help

by Daily Legal Briefing
February 1, 2023
Next Post
Frontline Managed Services Names Legal Finance Expert Jeff Calcagno as Chief Financial Officer

Frontline Managed Services Names Legal Finance Expert Jeff Calcagno as Chief Financial Officer

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

Injury Reports Prompt ShelterLogic Group to Recall Hammock Chairs

Injury Reports Prompt ShelterLogic Group to Recall Hammock Chairs

July 5, 2022
How is a Non-US Citizen Able to Work Legally in North Dakota?

How is a Non-US Citizen Able to Work Legally in North Dakota?

May 25, 2022
This Year’s Incredibly Stable Bar Exam Scores

Countdown To The New Bar Exam Has Begun

October 7, 2022

Browse by Category

  • Big Law
  • Breaking
  • Business
  • Hot Topics
  • Law School
  • Legal Tech
  • Small Law

About US

Breaking Legal News & Current Law Headlines | Daily Legal Briefing.
Online coverage of breaking legal news and current law headlines from around the US. Top stories, videos, insight, and in-depth analysis.

Categories

  • Big Law
  • Breaking
  • Business
  • Hot Topics
  • Law School
  • Legal Tech
  • Small Law

Recent Updates

  • Baker McKenzie Investigating Racism Claims; Partner Steps Away From Leadership Role
  • This Biglaw Firm Has The Urge To Merge, But Can’t Find A Willing Partner
  • Why The Legal Work Experience Is Broken And How You Can Do Better

© 2021 Daily Legal Briefing | Breaking Legal News & Current Law Headlines

No Result
View All Result
  • Contact Us
  • Home

© 2021 Daily Legal Briefing | Breaking Legal News & Current Law Headlines

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?