The term “business lawsuit” typically refers to a lawsuit between two or more businesses. This type of lawsuit sometimes involves lawsuits between individuals and a business, depending on the facts of the case. Some common lawsuits over business disputes include:
- Breach of business contract
- Unfair competition lawsuits
- Intellectual property violations, such as trademark, copyright, or patent violations
- Lawsuits involving stocks and other securities
- Lawsuits connected with the sale or transfer of a business
What Is a Business Lawsuit Settlement?
A business lawsuit settlement occurs when the parties in a conflict agree to a legal remedy rather than pursuing the full course of litigation. For instance, rather than finish the court process for a damages award, the parties might agree on a monetary amount to reimburse one party for their losses.
Settlement can occur at different stages of the lawsuit process. It usually occurs at the beginning of a legal proceeding when the parties negotiate initial damage amounts. Settlement is often favorable for businesses, as it can help the parties avoid all the costs associated with a full lawsuit. It can also do much to help preserve the business relations between the parties.
Settlement can also occur outside of the litigation process, for example, through a binding arbitration process. Regardless of how it occurs, business lawsuit settlements usually require a lawyer, since much negotiating will occur, and the parties need to follow all laws in the process.
What Is a Securities Settlement?
A securities settlement is a type of process in which financial securities are delivered in order to fulfill business contractual obligations. This might be done in lieu of monetary payment, or in order to fulfill the terms of a securities trade. The “settlement” is basically the delivery of the securities, typically within 3 days after the trade occurs.
This is much different from a business lawsuit settlement, which has to do with some sort of conflict between two or more businesses. Securities settlements are more contractual in nature and may be a part of the regular course of dealings between businesses, or between an individual and a business. Likewise, the term “business settlement” can simply refer to the finalization of any business agreement, apart from any legal conflicts or lawsuits.
Do I Need a Lawyer for Help with a Business Lawsuit Settlement?
Business lawsuit settlements can sometimes involve complex legal issues. They may also involve large settlement amounts that can have major effects on either of the businesses. You may need to hire a business lawyer if you need any assistance or legal guidance regarding a lawsuit settlement.
Your attorney can provide you with legal research and other forms of assistance for your claim. Also, if you need to attend arbitration, negotiations, or court meetings, your lawyer can represent you during those times as needed.