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The importance of follow-through in business torts

| May 17, 2018 | Business Torts

Cash flow is a major element of any successful business. The smoother the flow, the greater the flexibility a business operator in Florida has in directing financial resources where they will do the most good.

Unfortunately, many factors can crimp movement. Disputes with partners over contracts, unpaid accounts from customers, attachments or liens on products or equipment can have deleterious effects. Many businesses have dealings that go beyond state boundaries. Global commerce increases the risk of judgments coming from foreign sources. Having legal help committed to understanding your end-to-end challenges and advocating all the way through is essential.

Most of the time, business issues can be handled through process of negotiation. Legal counsel is useful in such circumstances if for no other reason than it makes it easier to escalate matters to formal legal action if that’s required.

In the most serious of instances, when the intentional or negligent wrongful actions of another person or business cause your business to suffer immediate loss or potential future loss, the level of action might require filing a tort claim. Such claims can cover a broad spectrum of matters, including infringement of:

  • Business relationships
  • Brand image and reputation
  • Freedom of trade

As already noted, there can be an immediate reduction in cash flow due to alleged wrongdoing. But there can also be long-term difficulty. When the latter is the case, there’s a need to put a number on the damage and that puts an onus on you to assemble a credible legal argument, based on projections, as evidence of what could be lost.

Of course, regardless of the nature of loss, after winning a case there is a matter of collection. Here again, having counsel dedicated to following through to ultimate resolution becomes critical.