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Tampa is a major business center in Florida. There are a plethora of businesses set up within the city. Many of them are owned by more than one individual, so it is possible that there are disagreements between them as far as business operations are concerned. This may lead to bitter litigation among partners, shareholders, or owners, which puts the expansion, authority, and future of the business in question.
A business attorney Tampa has registered can represent you in such cases to ensure that you are not being oppressed and that no unlawful conduct is taking place that hinders your rights.
The most common causes of disputes.
There can be many causes for disputes among partners and shareholders that mostly involve violations of agreements, violations of bylaws, and many more. To specify, some of the most common ones include, but are not limited to:
- Breach of fiduciary duty, which may involve a breach of fiduciary duty to those shareholders that have minor stakes.
- Breach of contract, which may include disputes or conflicts over the allocation of profit, compensation, ownership interests, and many more.
- Tortious interference is concerned with unfair competition problems.
- Fraud refers to any kind of fraud related to business that exploits other shareholders or partners by benefiting themselves at the cost of others.
Common options to resolve business disputes.
Depending on the nature of your case and considering the facts, there are some courses of action available to resolve the ongoing dispute among partners or shareholders, and in some cases, it may become necessary to file a lawsuit. Some of the options available to resolve disputes related to business are:
- Mediation
It is a flexible and informal process that involves a mediator who helps the opposing parties reach a negotiated conclusion regarding the complaint.
- Arbitration
Instead of taking the case to a courtroom, the opposing parties submit the dispute to an arbitrator or more than one arbitrator, who finally makes a decision on the dispute.
- Litigation
This basically refers to taking the case to a formal court and taking legal action against the other party. When the opposing parties fail to resolve the dispute among themselves in a fair manner, it is finally taken to a formal court for judgment after the parties present their respective cases before a judge or panel of jurors.
Contact an experienced attorney in your area.
It becomes quite difficult to resolve a dispute case without an experienced attorney representing you, especially when the other parties have their own attorneys representing their cases. An attorney possesses the required skills and knowledge related to Florida’s laws. Thus, it is highly suggested that you contact one as soon as possible.
