Operating a business can be complicated, and sometimes issues arise that need to be dealt with by an Olympia, WA business attorney. Business law is the branch of law that deals with the legal aspects of running a business, which includes everything from intellectual property rights to ownership set-ups. Here are some common issues that businesses may find themselves faced with.
Business law is a complex topic, and there is a multitude of issues that business owners may encounter. Whether you’ve been operating your business for years or know nothing about the law, it’s important to understand the potential issues that could arise because many can be prevented from happening at all. These issues include everything from intellectual property theft to contract disputes.
Here are some common issues in business law.
- Breach of contracts
Business lawyers play a vital role in cases where contracts have been breached. These professionals can be contacted by both the business and the customer in order to help navigate the situation and find solutions so that both parties can come out with an agreement that suits everyone. If it is found that one party has committed a breach of contract, then this lawyer will work with them to fix or amend their actions so that they are not in violation anymore.
- Partnership disputes
In a partnership disagreement, the role of a business lawyer is to help their partner negotiate fair resolutions. First, the lawyer needs to understand what type of partnership dispute they are dealing with. In many cases, there will be two different types of disputes, unequal distributions and dissolutions. In an unequal distribution case, it may be necessary for a business lawyer to help negotiate a buyout offer or create a buy-sell agreement that suits both partners.
- Collection actions
Collection actions are often necessary when a business owner has not been paid for goods or services they provide. The role of business lawyers in this capacity is to work with the creditor, debtor, and appropriate courts to enforce the payment for service or product provided. This may involve sending letters demanding payment or filing lawsuits against the party who owes money.
- Business dissolution
Business dissolution is an oftentimes necessary procedure in the life of many businesses, but one that can be complex in its nature. This often necessitates the involvement of a business lawyer in order to make sure that the process goes smoothly and to ensure that all necessary legal requirements are met.
