Business disputes happen. But not all disputes need to go to court. When a small business faces a breach of contract by a vendor or customer, the decision to file a lawsuit is not one to be taken lightly. Here are some factors to consider:
• Evidence: Do you have solid evidence of the breach? This could include emails, contracts, or other documents that clearly show the vendor failed to meet their obligations.
• Financial Impact: Consider the financial implications of the breach. If the breach has caused significant financial harm to your business, legal action may be warranted.
• Cost of Litigation: Legal proceedings can be costly. You’ll need to weigh the potential benefits of a successful lawsuit against the financial burden of legal fees.
• Time and Resources: Lawsuits can take a significant amount of time, potentially diverting resources away from your business operations.
• Relationship with the Vendor or Customer: If the vendor or customer is someone you’ve worked with for a long time and wish to continue working with, consider whether a lawsuit might irreparably damage that relationship.
• Alternative Dispute Resolution: Mediation or arbitration could be a less adversarial and more cost-effective way to resolve the dispute.
At DaPonte Law, we believe that small business owners should do what they do best—run their business. Our goal is to minimize business disruptions while resolving your business disputes as effectively and efficiently as possible.
