Commercial litigation helps resolve virtually any imaginable dispute in the business world. If you are running a business in New Jersey, you already know that these disputes are relatively commonplace. While many disputes can be resolved through private meetings and negotiations, sometimes the only remaining option is to go to court. Whether you are running a major corporation, a small family business, or a “solopreneur” venture, litigation can provide numerous benefits:
Commercial Litigation Helps Resolve Contract Disputes
Perhaps the most obvious benefit of commercial litigation is the ability to resolve contract disputes. The average business may enter into a range of different contracts in New Jersey. In a perfect world, everyone would hold up their end of the bargain, and we would never have any contract disputes. In reality, however, contract disputes constantly arise. These disputes may occur for a number of different reasons:
- Failing to understand the terms of the contract
- Signing contracts in bad faith
- Improperly drafted contracts
- Negligence
- Misrepresentation
- Breach of duty
Note that when a contract dispute arises, it may be possible to salvage the original agreement by making certain adjustments. This is known as an “immaterial breach of contract.” On the other hand, there may be situations in which the contract is beyond the point of repair, and it must be destroyed entirely. This is known as a “material breach of contract.”
Commercial Litigation Helps Resolve Banking Disputes
Banks and lenders in New Jersey often deal with a range of issues that may require commercial litigation services. These include:
- Collections
- Check fraud
- Forged checks
- Payment for dishonored checks
Banks and lenders may find themselves dealing with serious financial issues if they cannot hold parties accountable for their debts and fraudulent transfers. This is why working with a commercial litigation attorney is so critical. These legal professionals can manage collections and ensure the timely repayment of loans. In addition, commercial litigation attorneys that have specific experience with New Jersey banking regulations can approach this legal process with a wealth of experience. Snellings Law has over a decade of experience with this specific practice area, for example.
Commercial Litigation Can Protect Consumers
Commercial litigation is not just for big businesses in New Jersey. The litigation process can also protect consumers from fraud. New Jersey’s Consumer Fraud Act highlights the state’s protection of individual consumers against a range of issues, including:
- Unconscionable commercial practices
- Fraudulent business practices
- False pretense
- Gross misrepresentation
- Knowing concealment of material facts
Under these protections, consumers can approach major transactions in New Jersey with a degree of confidence. Of particular note are real estate transactions, which may involve millions of dollars. Consumers who believe that they have been victimized by fraudulent or negligent actors in the real estate sector can work with commercial litigation attorneys to set things right.
Increased Understanding of Applicable Laws
Although many businesses and individuals get in touch with commercial litigation attorneys only after they encounter legal issues, a consultation can be a positive first step. Even if you are not currently facing a commercial litigation issue, an attorney can educate you about laws that apply to your business or transactions, helping to prevent disputes and other problems in the future.
For example, the New Jersey Consumer Fraud Protection Act (NJCFA) includes many details and protections. If you’re not sure how this act will affect your business operations, an attorney can assess your unique situation during the consultation and explain which laws you need to be wary of.
Another important set of laws is the Uniform Commercial Code. Also known simply as the UCC, this code governs all businesses in every state except for Louisiana. All commercial transactions adhere to the UCC, and it may also affect businesses engaged in interstate transactions. If you find yourself asking questions like “What is the uniform commercial code?” consider booking a consultation with a qualified commercial litigation attorney in New Jersey.
Where Can I Find a Commercial Litigation Attorney in New Jersey?
If you have been searching for a commercial litigation attorney in New Jersey, look no further than Snellings Law, LLC. Over the years, we have guided numerous New Jersey companies toward positive outcomes. With a wealth of experience in commercial litigation, we can assist with dispute resolution in all its various forms. Get in touch today to learn more about our services and get started with an action plan catered toward your unique needs.