What Is Commercial Litigation?
Commercial litigation is a type of legal dispute pertaining to businesses. Lawsuits may be brought by individuals or entities feeling they have incurred monetary damages due to a range of matters, including disputes about contracts, insurance, land, real estate, leases, debts, etc. Alternatives are available to avoid litigation.
These are often referred to as alternative dispute resolution (ADR). The most common ADR is arbitration, where a neutral party hears both sides and makes a decision, which may or may not be binding. Mediation is another ...
Read More ›Usually for executives or managers, and unlike an at-will employment arrangement, most employers offer an initial employment severance agreement defining the terms for leaving a company after termination. While most companies offer severance, they are not required to do so; state laws vary, and it is not required under the Fair Labor Standards Act. Executives generally have negotiation leverage because of their financial and personal contributions made over the employment period. There also will often be bargaining room because employers want to maintain a positive ...
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