WHEN OWNING OR PARTNERING IN A COMPANY, BUSINESS DISPUTES CAN BE DISRUPTIVE AND FINANCIALLY CATASTROPHIC.

If you are involved in any type of business dispute, hiring Parvin Law Group to fight for you is essential in protecting and resolving any issues in a timely manner.

In this initial guide, we will go over a few of the most common types of business and contract disputes that individuals and companies may experience. 

TYPES OF BUSINESS DISPUTES

There are many moving parts when managing and maintaining a successful business, including employees, customers, vendors, and operations. No matter how well a business is operated, most companies will have to address a business or contract dispute at some point. Being able to know and identify the most common types of disputes can help you avoid or resolve legal issues immediately.

THE MOST COMMON DISPUTES BUSINESSES RUN INTO:

• Contract Disputes
• Disputes Between Businesses
• Partnership Disputes
• Disputes Involving Non-Compete Agreements
• Contract Disputes

Contract disputes are incredibly common and can involve another business, business partners, or even your own employees. When a person or business breaches a contract, they are essentially failing to meet their contractual obligations. Contract disputes may also arise due to confusion caused by the agreement being incomplete, unclear, or ambiguous. If a contract is not honored by one or more parties involved- either through a failure to act or direct violation of the contract, it is important to engage representation to protect your investment.

PARTNERSHIP DISPUTES

When two or more people join to run a business, they are either categorized as business partners in a legal partnership, co-members of a LLC, or shareholders in a closely held corporation. No matter how well you operate your business, disagreements between partners or shareholders can arise.

BUSINESS TO BUSINESS DISPUTES

Partnership disputes can revolve around various topics- including finances, leadership, and business strategies. When partners or shareholders disagree on what is in the best interest of the business, it is important to have a legal resource that can assist in putting forth your position to resolve and dispute as economically as possible. Parvin Law Group is confident in resolving partnership disputes through a variety of avenues, including negotiation or litigation.

While business to business (B2B) relationships are typically more helpful than they are hurtful, they can also be complicated and cause conflict. Disputes between companies can range from breach of contract claims, trademark claims, or even disputes arising between parties to a joint venture.

BUSINESS TORTS

Also known as economic torts, business torts are wrongful acts committed against business entities that can cause financial loss. Business torts often result in lost profits, damaged reputation, loss of market share, and loss of competitive advantage. Some examples of tort claims that may arise in business disputes include:

• Fraud and Misrepresentation
• Unfair Competition
• Unfair Trade Practices
• False Advertising
• Breach of Fiduciary Duties
• Fraudulent Transfer
• Theft
• Tortious Interference

When disagreements arise between companies, it could require some serious and professional mediation or legal action with our trained business dispute lawyers, depending on the severity of the dispute. Parvin Law Group business clients depend on our professionalism and commitment to handling matters in the most efficient manner possible.

There are many complexities surrounding Texas’ enforcement of non-compete agreements. Businesses depend on non-compete agreements to protect their proprietary information and prevent former employees, vendors, or contractors from using that information to compete against them for a reasonable length of time. If you believe the court is likely to enforce a non-compete agreement involving misappropriated trade secrets, this might lead to a claim in federal court under the Defend Trade Secrets Act (DTSA). Before jumping to trial and litigation, our attorneys can assist with preparing to enforce your position through negotiation.

DISPUTES SUMMARY

With any part of business aspects, disputes can arise for a variety of reasons- including financial disagreements, project delays, or even clashing personalities. Understanding the fundamentals behind common business and contract disputes outlined in our introductory guide is the first step in protecting your business.

If you ever face commercial disputes, entrust Parvin Law Group to protect your assets and interests. Whether you seek to settle business or contract disputes through a jury trial, arbitration, negotiation, or a bench trial before a judge, Parvin Law Group has the expertise, knowledge, background, and resources to succeed.

Parvin Law Group is a boutique law firm based out of Downtown Dallas, Texas. We take a team- approach to all legal matters and utilize our deep resources and network of experts to deliver exceptional results. Our dedicated team of attorneys have extensive experience in business legal matters and are ready to aggressively fight for you today.

NOW THAT YOU KNOW THE BASICS, LET US PROTECT YOU FROM COMMON BUSINESS AND CONTRACT DISPUTES IN TEXAS.

Call our Dallas office at 214-974-8940 or contact us online to speak with one of our experienced Business Law Attorneys.