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caitlynwilliams's blog

Do you need a business dispute attorney Fort Lauderdale? An attorney may mean extra expense, but the services provided by a business attorney make the expense worth it. 

Protection of business interests: in running a business, we have to take many decisions with serious legal and financial consequences. Most of us do not have sufficient legal knowledge to understand these consequences. A business dispute attorney will provide constant legal counsel to ensure that your business interests are protected at all times. 

Focusing on business matters: A lawyer can help business owners avoid pitfalls by providing timely advice on how to avoid pitfalls. Instead of firefighting thorny and tangled judicial matters, you can focus on the main business. 

Advise on litigation: Not every dispute ends in litigation. Even if you are tempted to sue the other party, it is not always the most prudent action. A Business dispute attorney Fort Lauderdale will give you a fair assessment of your chances in court. He/she will evaluate the case and give you a cost-to-benefit analysis of the case. In other words, they will tell if it is profitable to take the litigation route. If not, they will help you in finding an alternative resolution. 

Ensuring legality: A number of business decisions fall under the purview of state or federal laws. Ensuring legality in all these decisions is critical. A business lawyer will advise you in the right type of practices for your business and then guide you through the legal process. 

Access to legal resources: You may need extensive legal support for your business — from timely legal counsel to the support of paralegals in preparing for cases. With an experienced business dispute attorney, you will get access to these important legal resources. 

Establishing partnerships: Establishing partnerships through foolproof legal documents is critical to avoid loopholes and potential disputes in the future. A business dispute attorney Fort Lauderdale will ensure that partnership agreements are watertight. 

Commercial surety bonds are required by government agencies in the federal, state or local levels. They are meant to provide financial protection to all parties in a transaction and to protect the interests of the public at large. There are different types of commercial bonds: 

• Federal non-contract bonds – These bonds are required in federal government transactions. Common examples are Medicaid and Medicare bonds, customs, immigrants, excise and alcoholic beverage bonds.

• Public official bonds – It guarantees the performance of duty by a public official. The purpose of the bond is to ensure that there is no misuse of power by powerful public officers. It also ensures that they perform their duties in a faithful, honest and ethical manner. Public officials who have to submit such bonds include treasurers, tax collectors, sheriffs, judges, court clerks and notaries. 

• Judicial bonds – Also known as fiduciary bonds, they secure the performance of fiduciaries’ duties and compliance with court orders. Judicial bonds are meant to ensure that non-compliance with the court’s orders are penalized. People expected to buy a judicial bon include administrators, executors of wills, liquidators, and receivers. Judicial court bonds include injunctions, appeals, mechanics lien, indemnity to sheriff, attachment, replevin and admiralty. 

• License and permit bonds – These are generally required by state law or local regulations in order to obtain a license or permit to engage in a particular business. It could be required of organizations, businesses or professionals like contractors, motor vehicle dealers, security dealers, employment agencies, health spas, grain warehouses, or liquor-based businesses. 

• Subdivision bonds – The bond represents a guarantee to a city, country, or state that the principal will finance and construct certain improvements. This can include developments like sidewalks, curbs, gutters, swears or drainage systems. 

• Miscellaneous bonds - This includes all other commercial surety bonds like lost securities, lease, and guaranteed payment of utility bills. 

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