Business Law Lawyer in Mount Prospect, IL
Running your own business can be a challenging task, but a business law lawyer in Mount Prospect, IL can help navigate business operations with ease. Business disputes are pretty standard for business owners and, when not adequately managed, minor problems can become serious issues. To mitigate the occurrence of problems, you will require an experienced legal professional who can provide counsel, represent your interests and help you to protect your business. Having a lawyer from Bott & Associates, LTD is imperative to properly managing legal entanglements and resolving issues before they become costly business litigation disputes.
The following are some of the most common disputes faced by business owners that may result in litigation if not appropriately managed:
Breach of Contract
Contracts are an intricate part of running a business as they often involve exchanging goods and services. When engaging in business dealings, contracts are agreements between two or more parties that outline the terms and conditions. Unfortunately, sometimes one party may not hold up their end of the deal, resulting in a breach of contract. Common breaches that you may face as a business owner include:
- Agreed upon services are not completed by one contract holder
- One or more parties do not perform to the expectations of the contract
- The goods or services being exchanged were not delivered on time
When there is a breach, a business’s livelihood and reputation could be at stake. In some situations, a company may experience financial issues; as a result, making the representation of a lawyer imperative when drafting contracts or managing breaches.
As a business owner, it’s critical to understand employment law if you have employees. Unfortunately, business owners could be susceptible to legal claims or employee complaints without knowledge of employment law and the appropriate policies and procedures. Our Mount Prospect, Illinois business law lawyer, has assisted business owners who are facing disputes regarding:
- Wage/labor issues
- Sexual harassment
- Unsafe workplace
- Workers’ compensation
Business Partnership Disputes
While some business owners may start their business independently, it’s not uncommon for two or more people to start a business together. Often this is preferred by many as they have others to shoulder the workload, the liability, and the financial aspects to business ownership. However, when in the formation process, it’s critical to have an explicit partnership agreement that outlines how partners will make decisions, profits will be shared, responsibilities, and how disagreements will be managed. Unresolved issues can create huge problems amongst partners, and as a result, the business may suffer. In some cases, partnership disputes may even result in partnership changes and, in unfortunate situations, the business’s downfall altogether. Having a legal professional with experience in business law will be imperative for ensuring there is a clear plan in place should you be unable to resolve the dispute you are having with each other.
If you are a business owner, chances are you have put much of your energy into building your business. When you contact a lawyer from Bott & Associates, LTD, you provide yourself the opportunity to ensure the success of the company you have worked so hard to build. For more information about our firm and how our business law lawyer in Mount Prospect, IL, can help, call our office today.