Tuesday 8 January 2013

What is a Commercial Dispute ?


A commercial dispute is any dispute that arises between two companies or businesses. Its cause varies but the vast majority of commercial disputes are down to:

• Non-payment for goods following delivery
• Non-completion of a project resulting in loss of income
• Delivery of unsatisfactory goods or workmanship

As a business owner you could be the party making a claim against a supplier or the party being claimed against. Either way, the route taken by a commercial dispute depends on several factors, including the size of the claim, the strength of the case and whether there is a dispute settlement clause written into your contract.


Why Might my Small Business need Commercial Law Advice?


Your business is undoubtedly one of the most important factors of your life so the last thing you want to do is jeopardise it through not getting the right legal advice. You probably have a lawyer at present who handles your day to day legal issues but how much do they know about the intricacies of commercial law?

What is commercial law?

Commercial law is a branch of the legal system that governs the sale or purchase of goods and/or services as a business. In other words, any sale you make to a customer/client and every purchase you make from a supplier is governed by commercial law rather than private law in the event of a dispute.