Landing in the corporate sector is great until you encounter a legal dispute. Afterwards, it would be best if you have consulted a commercial or corporate litigation firm to handle or overcome the situation.
There is no escaping the fact that the world of business can expose you to unforeseen losses at any time. During this time, deciding on the credible litigation itself is a very daunting task.
This blog post will share key information about commercial and corporate litigation and its importance in the corporate and business world.
What is Commercial and Corporate Litigation?
Those who have just started in the commercial and corporate sectors must be aware of commercial and corporate litigation. Note that both of the terms are used interchangeably and have the same purpose.
Corporate and commercial litigation deals with assisting businesses in commercial disputes and is a legal practice area of South African law. It aims to provide a clear understanding of the corporate sector and opportunities for commercial growth while running a business. Apart from this, they also help draft general legal documents to reduce the likelihood of unforeseen risks.
Types of Legal Claims in the Commercial and Corporate Sector
Below are some of the most prominent legal claims that you can come across in the commercial and corporate sectors.
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Intellectual Property Infringement
Intellectual property theft is a frequent cause of conflict in the corporate world. Patents, trademarks, copyrights, and trade secrets are a few examples of intellectual property rights that one might violate.
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Breach of Contract
Breach of contract can often arise due to violating contracts. These violations might result in compensation damages, settled damages, specified performance, and withdrawal processing.
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Breach of Fiduciary Duty
Fiduciary is related to responsibility or trust. However, in a commercial setup, it can include maintaining confidentiality, disclosing information honestly, and not breaking confidentiality.
Factually, a breach of fiduciary duty can include many duties and responsibilities. However, the failure to maintain honesty and good faith remains at the core.
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Corporate Disputes
Corporate disputes involve issues relating to the corporation. Most of the time, such disputes might lead to corporate litigations like acquisitions, financial arrangements, and challenges the merger faces.
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Tortious Interference
Tortious interference deals with lawsuits relating to making a claim for damage that breaches a contract or corporate relationship. This claim can only succeed if the interference has resulted in damage.
Importance of Obtaining Professional Legal Representation
So, why is it so important to obtain professional legal representation? Well, a corporation’s stance can change dramatically from one moment to the next. It may be all right one minute and messed up the next. In such a scenario, if you want to stay out of trouble, you need to have the right professional legal representation.
Such professionals are experts at delivering the right results by catering to every corporate client’s needs. You can minimise possible legal disputes and promote secure business activities.
Final Takeaway
Commercial and corporate litigation forms an important foundation for a corporate sector. Whether you are new in the corporate world or want to secure your business, consult credible contract experts before agreeing to any contract.