North Carolina is one of several states that has enacted a new legal system designed to manage business litigation. The North Carolina Business Court hears cases regarding business entities in a civil court system. The process streamlines specific types of cases like contract disputes, insurance claims and financial damages related to business activities.
Litigation in the business world can be exhausting and expensive, which is not good for business owners who just want to get on with their vital operations and special projects. Although civil court is always an option, there are other ways to sort out disputes, including arbitration.
You've entered into a contract with another party, and that party doesn't seem to be following the terms. How can you tell if that individual or organization is in breach of contract?
The prospect of business litigation can strike fear into the heart of any North Carolina entrepreneur. It usually comes when you least expect it and without an immediate response on your behalf, it can wreak total havoc on your company. Even if you are the one pursuing a lawsuit, preparation is always your best answer to litigation.
Nearly all entrepreneurs and business owners rely on contracts to keep their operations running smoothly. When used correctly, contracts provide effective protection for all involved parties. Unfortunately, sometimes one or more parties choose to ignore the terms of a contract, which can lead to litigation.
If you operate a business in the state of North Carolina, chances are, you have a few contracts with different parties. Examples of business contracts include:
In the modern world, North Carolina successful business owners have a great many things to juggle. As such, it is conceivable that one or two critical issues might go overlooked. Intellectual property is one such issue that business people often fail to address. Unfortunately, intellectual property theft or infringement is one of the most common reasons for business litigation.
Business litigation is an area of concern that all business owners in North Carolina share. It is costly, time-consuming and it can destroy the sterling professional reputation you have worked so hard to achieve. While business litigation can occur for many different reasons, a contract dispute is one of the most common.