Protecting Your Livelihood: Understanding Business Litigation

With over two decades of experience, we at Reiter Law Firm, PLLC, understand the complexities of business litigation. We provide comprehensive legal representation to business owners in Sioux Falls and throughout South Dakota. Whether you are facing a breach of contract claim, a partnership dispute or a corporate dispute, we have the knowledge and skill to protect your interests.

Navigating The Complexities Of Business Litigation

Business litigation encompasses a wide range of legal disputes that arise in the business context. These disputes involve anything from contract breaches disputes among the owners of a business and shareholder disagreements. We handle various business litigation matters, including:

• Breach of contract: We represent businesses in disputes involving the breach of written or oral agreements. This includes negotiating settlements and pursuing litigation.
• Partnership disputes: Disagreements between business partners can be detrimental to a company’s success. We assist with resolving disputes related to profit sharing, ownership interests and dissolution of partnerships.
• Disputes among owners: We represent members of limited liability companies and closely held corporations including owners of family farms, who have disputes with other members, officers, and shareholders of the business.

These challenges can be incredibly difficult to navigate. Our team can give you the support you need as you face these types of disputes. We strive to find creative solutions to our clients’ business disputes to avoid the time and expense of litigation. If litigation becomes necessary, we are prepared to take your business dispute to court.

The Intersection Of Business Litigation And Estate Planning

Business litigation can sometimes intersect with estate planning, particularly when a business owner passes away or becomes incapacitated. Disputes may arise regarding the ownership and control of the business, succession planning or the valuation of business assets. In these situations, we work closely with your estate planning attorney to ensure a smooth transition and protect your business interests.

Questions We Often Receive About Business Litigation

Navigating the world of business disputes can be tricky. To help clear things up, we’ve provided answers to some frequently asked questions about business litigation.

Can I sue for breach of a verbal contract?

Yes, in many cases, you can sue for breach of a verbal contract. Proving the existence and terms of a verbal agreement, however, can be challenging. It is always advisable to have written contracts whenever possible.

Can I sue when a business interferes with my clients?

Potentially, yes. If a business engages in unfair competition or tortious interference with your business relationships, you may have grounds for a lawsuit. We can help you assess your legal options and pursue appropriate remedies.

What is the difference between mediation and arbitration?

Mediation and arbitration are alternative dispute resolution methods that can be used to resolve business litigation outside of court. In mediation, a neutral third party facilitates negotiations between the parties to help them reach a mutually acceptable agreement. In arbitration, a neutral third party hears evidence and arguments from both sides and issues a binding decision.

What are the common causes of business disputes?

Several factors can contribute to business disputes, including:

• Poor communication: Lack of clear communication and misunderstandings can lead to disagreements and conflicts.
• Breach of contract: Failure to fulfill contractual obligations and fiduciary breaches can result in disputes.
• Financial disagreements: Disagreements over finances, such as unpaid invoices or disputes over ownership, can lead to litigation.
• Competition: Competition between businesses can sometimes lead to unfair practices and legal disputes.
• Personal conflicts: Personal conflicts between business partners or employees can escalate into legal disputes.

Understanding the common causes of business disputes can help you take steps to prevent them or resolve them amicably. If a dispute arises, however, it is essential to seek legal advice from an experienced business litigation attorney.

Take The Next Step: Protect Your Business

Business litigation can be a complex and stressful process. You do not need to navigate it alone. Contact our experienced litigators at Reiter Law Firm, PLLC, in Sioux Falls today. Call us at 605-800-8825 or contact us online. We are dedicated to protecting your business and helping you achieve the best possible outcome.