Protecting Your Company In Business Transactions And Litigation
Creating a business from the ground up is an impressive endeavor. But the work doesn’t stop there. Companies of all kinds are subject to change, growth, and even outside threats every day and having the right legal support is invaluable. The firm of Schottenstein Legal Services is committed to helping your business thrive.
The business law attorneys can assist you in all types of business matters involved in transactions and litigation when necessary. With over 50 years of experience, you can rest assured your company is in good hands.
Straightforward, Experience-Backed Transactions
Growth is an essential part of any new or established company, and transactional matters need special attention. As a business lawyer, Mr. Schottenstein has spent his career representing small and medium-sized businesses, helping them navigate these matters with ease. He understands and has a passion for the details and structure of the deal and the skill to find success in any number of situations.
From forming an LLC, corporation or partnership, to advising on tax matters, to protecting trade secrets and intellectual property, Schottenstein Legal Services provides robust, comprehensive legal support, advice and counseling in all transactional business issues.
Often, the best plan for avoiding litigation is to provide for amicable resolution of disagreements in the preparation of documents. Schottenstein Legal Services provides advice as to drafting such provisions in buy-sell agreements, lease negotiations, and other transactional documents. The firm can also assist in creating employment contracts, confidentiality agreements and other contracts and arrangements. Whether you need a business law attorney with the foresight to protect your company, or someone with the dexterity to navigate a challenging acquisition, Schottenstein Legal Services can help.
If your company is going to thrive, it needs solid legal support from the start. The firm can offer your business an unmatched level of knowledge, professionalism and personal service that will help it continue to grow.
Tough Representation In Business Litigation
No company is immune to threats, and sometimes, these matters can result in unavoidable litigation. If it comes to this, the firm of Schottenstein Legal Services is well-equipped to assist here, too. Schottenstein Legal Services has over five decades of representing clients in civil business litigation in the courts of Ohio. In addition to appearing before Municipal Courts, Common Pleas Courts, and Appellate Courts in Ohio, Mr. Schottenstein is admitted to practice before the United States District Courts in Ohio, the Sixth Circuit Court of Appeals and the United States Tax Court. Mr. Schottenstein can provide the legal skill and knowledge to successfully resolve any legal issues you might face in litigation.
Frequently Asked Questions On Business Transactions And Litigation
Business disputes can quickly escalate and endanger both finances and reputation. Below are some frequently asked questions business owners should consider when handling disputes, contracts and partnerships in Columbus.
What are the most common types of business disputes that lead to litigation?
In Columbus, the most frequent business disputes arise from:
- Breach of contract: Whether it is a vendor, employee or client, failing to uphold agreed terms is a leading cause of legal action.
- Partnership disagreements: Conflicts over profit distribution, decision-making authority or exit strategies often result in lawsuits.
- Employment disputes: Issues such as wrongful termination, wage disputes or discrimination claims can become serious quickly.
- Intellectual property infringement: Misuse of trademarks, patents or trade secrets can lead to high-stakes litigation.
- Real estate and lease disagreements: Commercial landlords and tenants often clash over lease terms or property maintenance.
It is important to have a clear business agreement to avoid such disputes.
What are some common mistakes businesses make when navigating transactions that can lead to litigation?
Many lawsuits could be avoided with better preparation. Common errors include:
- Skipping legal review: Not having an attorney review contracts or transaction terms before signing.
- Poor recordkeeping: Failing to document communications and agreements.
- Ambiguous language: Using vague or inconsistent language in contracts that leads to conflicting interpretations.
- Verbal agreements: Relying on handshake deals instead of formalizing terms in writing.
These mistakes often leave businesses vulnerable when conflicts arise.
How do I determine whether to pursue litigation or settle a business dispute out of court?
This depends on factors such as:
- The cost of litigation vs. settlement
- The strength of your legal position
- The urgency of the resolution
- The potential impact on business relationships and reputation
An attorney can evaluate these aspects and help you understand your best option. In many cases, mediation or arbitration can resolve the issue faster and more cost-effectively.
How do I negotiate a business partnership agreement that protects my interests?
Start by identifying your key concerns like ownership percentages, roles, responsibilities and exit plans. A strong partnership agreement should include:
- Capital contributions and profit distribution
- Decision-making processes
- Dispute resolution mechanisms
- Buy-sell clauses in case one partner exits
If you are in Columbus, it is wise to consult Schottenstein Legal Services Co., LPA, as they can tailor the agreement to Ohio laws and industry standards.
Find Out More Today
The right legal help is an invaluable asset to any company. If you’re seeking business law representation with decades of experience and a history of success, turn to Schottenstein Legal Services. The firm is here to help. Contact us to schedule an initial consultation with a business lawyer to learn more about our services and what we can do for your company specifically. Call 614-321-1226 or use the online contact form to reach the firm today.