If you engage in commerce, sooner or later you are almost certain to encounter a dispute with a client or contractor that you’ll need outside help to resolve. We have the knowledge and experience to help your business in cases related to:
Business litigation takes many forms. The most commonly encountered are breach of contract and breach of fiduciary duty. The following are examples of disputes that have been handled by Wallman Law Firm, LLC.
Breach of contract takes place when an enforceable agreement is not performed by one party without legal justification. The party seeking to have the court enter a judgment must prove that there was a legally enforceable contract, a breach of the contract by one party and that the breach causes damages that are reasonably quantifiable. Examples of cases handled by the Wallman Law Firm include: breach of a contract to acquire a business or to pay the purchase price that may have been due after the business was sold; breach of a contract that designates one party as the exclusive sales or marketing agent for the sale of a specific product or line of business; breach of a contract to purchase or sell real estate; breach of a contract to employ a party for a minimum of three years after acquiring the employee’s business; breach of a fire insurance contract for by an erroneous claim of fraud; defense of an arbitration award on the basis that the enforcement of the award would violate public policy.
Breach of fiduciary duty in a business context usually takes place when an officer, shareholder or employee of a business entity engages in self-dealing. This usually entails personally profiting from a position of authority. Examples include directors of a corporation who are dealing with a creditor of the company decide to personally purchase the debt at a discount and then assert it against the corporation; majority shareholders who cut off funds to a minority shareholder in order to acquire the minority shareholder’s stock at a lower price or partners who transact business with the partnership itself upon terms that it cannot prove are fair in all respects.
Business litigation can be conducted in either the state or federal courts, depending upon which law (state or federal) applies and whether the parties to the lawsuit are citizens of different states and have sufficient business contacts with the State of Connecticut.
The Wallman Firm is conveniently located in Stamford and serves clients throughout Connecticut, including the towns of Darien, Greenwich, Stanford and New Canaan.