It is no secret that commercial disputes are on the rise mainly due to the economic downturn, but would you know what to do if your business was facing a commercial dispute? Most of us would not know how to deal with any commercial disputes and you will probably have concerns about instructing a commercial solicitor to assist you because of the cost and may question whether you actually need one. However, there are a number of good reasons to instruct a specialist commercial solicitor.
Regardless of whether you are raising a dispute with another business or if someone has raised an action against your business, you only concern will be about getting the right outcome. There are a number of factors to consider, including the advantages and disadvantages of instructing a lawyer and these include:
- Cost – this will obviously play a big part in your decision of whether to use a solicitor or not, however the advantage you will gain from having an experienced commercial lawyer on your side will undoubtedly outweigh the cost. You are likely to achieve a better settlement with the use of a solicitor and probably settle the claim more quickly than you would without one.
- Process and procedure – there are a number of different processes and procedures you will need to follow in order to move your commercial dispute forwards and in order to do this you will need to identify the grounds for your dispute. If this is not done at the correct time and using the correct information, your case may suffer as a result.
- Experience and knowledge – there is a lot to be said for using a solicitor in this kind of situation. After all, if your boiler was broken you wouldn’t try to mend it yourself, you would find an experienced heating engineer with the right specialist knowledge to fix it for you. This is exactly the same in a commercial dispute and by using a specialist solicitor you can rely on them to act in your best interests and to use all of their experience and knowledge of the law to your advantage.
- Time is money – by using a solicitor you can protect yourself from the time a commercial dispute will inevitably take up. Using a solicitor will mean little input from you but you can rest assured that the dispute is being dealt with while you can focus on your business.
So you can see there are real benefits to using a commercial solicitor and if you are involved in a commercial dispute, you should speak to a lawyer as soon as possible so you can discuss what your next steps should be.
For more information about this article or any aspect of our disputes and litigation services, please call us on 0800 142 2775 or reply to this email and we will be delighted to help you (there is no charge for initial telephone discussions).