Olympia, Washington, is known for its small businesses, governmental agencies, and law firms. As a result, it is no surprise that the city’s business litigation matters are quite diverse. From contract disputes to wrongful termination suits, Olympia business litigation matters are vast and diverse.
Since the year 2010, the number of business litigation matters reported in Olympia has been increasing exponentially. These cases can vary in severity but are usually filed when there is a disagreement between the owners of a business. Litigation may be used by either party to ensure they are not seen as conceding to their opponents’ demands or points of view.
We will now see into the most common matters litigated by businesses in Olympia.
- Breach of contract
Breach of contract is one of the most common business matters that are litigated in Olympia. The United States District Court for the Western District of Washington, which has jurisdiction over federal cases in this region, has 1,500 breach of contract cases presently pending. Of these, 82% involve commercial contracts, and 18% involve employment contracts. There are many legal remedies available to someone who has breached a contract. These include debt, money damages, or specific performance (which means doing what you promised).
- Fraud and other wrongful conduct
In recent years, fraud and other wrongful conduct have been one of the most common business matters litigated in Olympia. In fact, fraud is so prevalent that it is a routine part of their risk management plans for many companies to anticipate possible fraud schemes and take steps to protect against them.
- Shareholder disputes
The business world is a competitive arena. It’s not unusual for businesses to experience disagreement with not only their competitors but also with their shareholders. Shareholder disputes are one of the most common business matters litigated in Olympia, Washington. If you are an owner of a corporation, it is your responsibility to make sure that you know what happens to the company’s shares when they are bought or sold.
The appeals process is one of the most common business matters litigated in Olympia. Besides the possibility of an increase in your tax burden, you may also incur legal fees and the need to hire a lawyer. If you appeal and lose, you will also be liable for paying any court costs that were incurred by the other party. These costs can be difficult to predict and sometimes reach six figures.