Wednesday, January 03, 2007

Business Lawsuit

Today, even a minor business disagreement can lead to a lengthy and expensive business lawsuit. Contractual disputes can often lead to disagreements that cannot be resolved through any means other than a commercial lawsuit. If you do find your company involved in a business lawsuit, you may face the additional frustration of having to wait months or years for the settlement that you deserve. If you are involved in a business lawsuit to protect your brand name, business reputation or company assets, you certainly don’t want the court case to last longer than your business.

Commercial litigation can grow out of any business dispute, including such common problems such as:

 Issues related to debt collection
 Bankruptcy
 Disputes regarding contracts
 Shareholder litigation
 Issues related to antitrust actions
 Consumer fraud allegations

When you find yourself facing a business lawsuit, you need experienced business law professionals on your team. Many companies worry about the cost of pursuing a business lawsuit, but many attorneys will work on a contingency basis. That means that the attorney’s fees are paid out of the settlement your company is awarded. However, settlements can often take years to actually materialize. If your company cannot wait years for a settlement, lawsuit funding can be an important resource.

In many cases, a company can use the settlement money from a business lawsuit to repair the damage done by the initial business problem that led to the lawsuit, or to actually grow the business or expand into new markets. If you are involved in a business lawsuit, and your business needs operating capital, you may be tempted to accept a low-ball offer from the defendant. If your company is involved in a business lawsuit for some time, it may seem simpler to capitulate and accept a smaller amount of cash right now than wait months or years for what you are really entitled to receive.

The good news is you do not have to settle for less than you deserve. A business lawsuit advance can give your company the working capital it needs today. By taking an advance against your business lawsuit, you and your lawyer can negotiate from a position of strength since immediate cash ceases to be a problem for your company. You can now wait out your opponent, and once the defendant sees that you are not eager to accept a small offer, that defendant may be less enthusiastic about dragging out the lawsuit. Once you send the message that you are negotiating from a position of strength, the defendant will often be willing to resolve the case in your favor. If not, you will have the working capital necessary to continue to operate your business while you and your attorney pursue a just verdict in court.

Just as you want to be careful in selecting a lawyer for your business lawsuit, you will also want to choose a financial partner who is experienced in financing business lawsuits. A business attorney has the business law expertise needed to win your case, and a financial partner who understands business lawsuit funding can get you the cash your business needs. LawMax is the leader in advancing funding against commercial lawsuits, and LawMax has experience helping companies receive the money they need while they await their day in court.

LawMax shares the risks of your lawsuit, offering advances against the projected settlement of your case. You do not have to repay your cash advance until and unless you win your case or reach an out-of-court settlement. If you do not win your case and do not receive a settlement, you owe LawMax nothing. Once you do win your business case or reach an out-of-court settlement, your LawMax advance is re-paid from the proceeds of the settlement.