Commercial transactions drive the economy. Business owners and vendors rely on the enforceability of contracts in strategic business planning and investment decisions. Breach of contracts may lead to significant financial damages.
In addition to contractual disputes, the American Law Institute has recently reported that recovery for economic torts represents a growing area of the law, spanning such issues as fraud, negligent misrepresentation, unintentional infliction of economic loss, professional negligence, interference with contract, and the like.
Partnerships can dissolve leading to disputes over how debt and proceeds are divided. Such disputes may affect the livelihood of the business and the individuals involved. Trade secrets may be in issue. Time and money can be a factor.
Business litigation can be time-consuming and expensive. Lawyers who are experienced in both business and litigation strategy are a key asset in business disputes. Tully Rinckey’s Texas commercial litigators bring such experience to bear.