The unfortunate cost of doing business
Illinois businessmen and women know that corporate disputes in Cook County are unavoidable when contract disagreements arise. Disputes can happen in other ways, too, although a Chicago corporate lawyer will litigate more contract disputes on a given day than other business issues.
Common disputes in corporate settings
Unlike small businesses, corporate disputes can escalate into multimillion dollar court battles that result in one or more entities paying another million or so in damages. Some of the more common disputes you will find in the Chicago corporate world include:
Breach of Contract
Although small breaches may result in litigation futility, larger breaches where an entire contract was violated can (and often do) result in filing civil action against an individual signor of the contract, the corporation listed, or both.
Unfair Construction of Agreements
Without an attorney reading through agreements, one party may fall victim to another’s duplicitous intent. Our firm sees many unjustly constructed contracts that could, if breached, decimate an innocent corporation.
Of all corporate disputes in Cook County, shareholder disagreements often have the largest rippling effect outside the workplace. Being forced out of the company you helped stay afloat during tough times can cause turmoil at home, lead to depression, or worse. Minority shareholders have legal options if oppressed without justification.
From the initial meeting between both parties until the end, joint ventures rely on two parties cooperating and communicating as they march toward their goals. Disputes may arise over simple contractual issues, or one party failing to communicate financial information to another that causes an inevitable collapse. This type of corporate dispute takes an experienced attorney if a peaceful resolution is desired.
Retain a Lawyer That Knows Corporate Disputes
Litigation regarding corporate governance, such as shareholder activism or takeover bids, are also rather common in the Windy City, although corporate attorneys work tirelessly to construct preventative measures and help corporations mitigate potential risk management problems.
Corporations in Chicago want law professionals who understand the inner workings of corporations, including governance and contractual obligations. A surprising number of simple transactions can trigger litigation, requiring quick action on behalf of all parties involved to avoid a much larger legal issue. Make sure you retain someone that knows how to resolve corporate disputes in Cook County quickly, and quietly.