Commercial and fiduciary litigation encompass a wide range of legal disputes involving business transactions and fiduciary relationships. The nature of the disputes varies, but one element remains the same for any type of business dispute: the importance of having an attorney who is experienced in untangling the legal issues and who has the time, dedication and resources to handle the case correctly.
This is the process of taking legal action to settle a dispute involving a business. The most common commercial litigation issues involve partnership disputes and breaches of contract. It can also include advertising or marketing fraud, banking fraud, and securities fraud cases.
Disputes over business money and other property can often be settled without going to court with the assistance of a skilled negotiator. However, if a trial becomes necessary, the business dispute attorneys at Ostrom Morris have the experience and resources to aggressively pursue your interests in court.
Fiduciary duty is the legal obligation one party has to act in the best interests of another party. This rather complex legal explanation can be made more simple with an example: Bob Smith gives $100,000 to his stockbroker to invest on Bob’s behalf. The stockbroker has a legal and moral obligation to invest that money with only Bob’s interests in mind.
The association between Bob Smith and his stockbroker is what’s called a fiduciary relationship, and it can come in many forms, including between employers and employees, between a trustor and a trustee, between an attorney and a client, and more.
If there is a breach in this relationship, the assistance of a fiduciary litigation attorney may become necessary in order to recover damages you may be entitled to. Fiduciary litigation can include:
- Filing Lawsuits against Guardians
- Filing Lawsuits against Agents (Power of Attorney)
- Filing Lawsuits against Trustees
- Contesting wills
- Partner Disputes
- Breach of Fiduciary Duty
If you need help with commercial and fiduciary litigation, contact the probate attorneys at Ostrom Morris PLLC today.