Reasons You May Need a Business Attorney
Small business owners can feel completely isolated. After all, the only person you have to rely on is yourself right? Although this may feel like the case, having a business litigation lawyer Memphis, TN trusts like one from Wiseman Bray PLLC can provide business owners with a sense of relief. Having an attorney by your side to help in preventing problems can go a long way. Not only may it save you money in the long run, Wiseman Bray PLLC can help to protect your business we can also help it to thrive by putting forth the proper planning. Having an attorney can help a small business yield positive results in the long run:
#1. Someone With Experience to Provide Their Guidance
When faced with challenges, or, simply making decisions regarding a small business, you will want to speak with someone who has experience on the topic. Accessing the services of Wiseman Bray PLLC can provide small business owners with guidance and support regarding their business needs. With our help, we can guide you in making business decisions, no matter how complicated.
#2. The Ability to Stay Within Legal Requirements
You will want to ensure that your business is operating within the law. Failing to do so can result in serious problems down the road. A business litigation lawyer in Memphis, TN is well versed in the law. Because of this, Wiseman Bray PLLC may be able to help our clients to follow key laws that are invaluable to small business owners.
#3. Prevent Lawsuits and Mitigate Damages
Unfortunately, as a business owner, you may be vulnerable to facing lawsuits or legal issues. Without the experience and education of a Memphis, Tennessee business litigation lawyer, the likelihood of facing a lawsuit may be far more imminent. It’s important to have awareness of the vulnerabilities a small business owner may stand to face when owning their small business. Wiseman Bray PLLC can help small business owners by providing them with education required to mitigate problems down the road. Additionally, we can also support our clients who are faced with legal issues should they require assistance.
#4. Drafting Partnership Agreements
In some cases, business owners may choose to form a partnership agreement with business partners. An business litigation lawyer Memphis, TN relies on can help to draft a partnership agreement that leaves nothing out. Having a partnership agreement in place can help to mitigate a number of problems. Partnership agreements can help to protect all parties involved in the partnership. With our help, we can help business partners to put together agreements that allow a business to thrive and reduce the risk of conflict when faced with disagreements.
#5. Managing Intellectual Property
Should your business have patents are trademarks, chances are you will want to protect them. With the regular guidance of an attorney, you can discuss the terms and details of your business. A business litigation lawyer in Memphis, TN can help you to take action or steps towards property even when you may not even realize that you have intellectual property to protect.
We have experience in representing business owners manage the formation of small business. We not only have the ability to prevent problems, we can also help mitigate issues should they arise. For a small business, even the smallest issues can ultimately result in the downfall of a small business. With the help of Wiseman Bray PLLC, we can assist our clients in properly managing their business and facing issues should they arise.
FAQ: Business and Commercial Litigation
Business and commercial litigation entails any dispute of a legal nature, which arises between two or more entities. These companies may then have to settle their dispute in court. There are alternatives to litigation, which commonly entail arbitration and mediation. Companies that are trying to avoid litigation may hire a Memphis, TN business litigation lawyer for assistance with this process, potentially saving that company thousands or even millions of dollars as a result of a knowledgeable and strategic approach to the legal situation at hand. Conversely, the experienced guidance of a Memphis, TN business litigation lawyer can also be useful if a company is suing another party and wants to increase their chances of receiving the maximum compensation possible.
What is mediation and arbitration?
Mediation is a process whereby the parties involved in a legal dispute meet with an unbiased third party, and attempt to arrive at a resolution together. Mediation can benefit both sides if they are motivated to avoid court entirely. In arbitration, the companies agree to have an arbitrator hear each side of the argument and then determine the outcome. Through using mediation or arbitration, companies can save additional legal fees by avoiding litigation. The legal team at Wiseman Bray PLLC can explain whether arbitration or mediation may be a valuable (or necessary) approach to a legal situation or whether pursuing litigation is more likely to result in a company’s desired outcome.
What are examples of common disputes?
In business or commercial litigation, it isn’t uncommon for a Memphis, TN business litigation lawyer to assist with disputes pertaining to contracts, business torts, trade secrets, noncompete agreements, copyrights, and shareholder conflicts. If a business is involved in litigation or a dispute, then they should consult with their lawyer promptly to preserve their legal options. The outcome of a case could have a serious impact on the success and operations of a business. This is why it is strongly encouraged that business owners obtain legal representation as soon as possible.
What if a business is faced with a lawsuit from an employee?
A lawsuit from an employee who makes claims against a company, real or imagined, can severely impact public perception and reputation. A fear that many business owners have is receiving a notice that an employee is suing them for one reason or another. To prevent the situation from escalating, it is crucial to get a legal team on board who has knowledge in defending such attacks. The focus of a business litigation attorney is to handle a lawsuit against a company so that there are minimal damages. Depending on the lawsuit itself, a Memphis, Tennessee business litigation lawyer may recommend arbitration, mediation, or moving forward to litigation. Claims that may be filed against a company can include:
For more information, call Wiseman Bray PLLC today!