Few things affect the fundamental, operational aspects of your business like the areas covered by commercial law. From writing contracts to protecting intellectual property, the choices you make in the commercial law realm can be extremely complex, with many of the important elements hiding in the details.
You need the long-term consequences of your business decisions to be positive, and a commercial law lawyer can handle all the details to make this happen. They will ensure that you know your options and understand the consequences of every important commercial decision that surfaces in your organization. Furthermore, they will apply their knowledge of commercial law to see that the work is done in the right way to get the results you seek.
Call Bogin, Munns & Munns today to talk about how an Orlando commercial law lawyer can help your business make the right moves at (407) 578-9696.
Commercial Law vs. Corporate Law
Much of commercial law centers around contracts and contract law. Businesses routinely enlist the help of a commercial law lawyer who can review contracts and recommend adjustments that will serve their clients’ interests. Many people confuse this area of law with corporate law. The difference lies in the breadth of the two practices.
Corporate law focuses on issues related to the company itself, like its formation, mergers and acquisitions, and shareholder rights. Commercial law encompasses a wider range of issues having to do with sales, distribution, consumer transactions, and broad business issues, like franchising, intellectual property, and business litigation.
To consult with an experienced commercial law lawyer serving Orlando, call 855-686-6752
Uniform Commercial Code (UCC)
Commercial law in the United States is regulated by the U.S. Congress and by individual states. Both use the Uniform Commercial Code (UCC) as the foundation for their commercial statutes, although most states have adopted it with significant modifications.
The UCC addresses such issues as:
- Investment securities
- Bank deposits
- Bulk sales
- Secured transactions
- Letters of credit
- Funds transfers
- Negotiable instruments
Because of the variances in how states have adopted the UCC, it benefits a business to have a commercial law lawyer who understands the rules that govern commerce in their specific states.
An Orlando commercial law lawyer at Bogin, Munns & Munns can talk to you about the nuances in Florida’s commercial laws. Call us today at (407) 578-9696.
Orlando Commercial Law Lawyer Near Me 855-686-6752
Our Commercial Law Practice Encompasses Many Areas
Since 1976, Bogin, Munns & Munns has offered Orlando businesses the services of a commercial law lawyer. Some of the areas we cover include:
- Corporations & Partnerships
- Negotiable instruments
- Consumer Credit
- Secured transactions
- Tax Law
Whatever your commercial law needs, a lawyer from our firm can work to protect your rights and your best interests.
Breach of Contract
Much of the demand for commercial law lawyers stems from disputes that arise surrounding an assumed breach of contract. A contract of any type represents a promise between two or more parties. If any part of this promise is broken, the violating party is considered to be in breach of the contract.
This type of violation manifests in a variety of ways in everyday commerce, from the obvious, like failing to pay for a good or service, to the more obscure and complex, like fraud, negligence, or malpractice.
Any time you find yourself embarking upon a business contract, consider hiring a commercial law lawyer to review the document and advise you on modifications or other courses of action that can protect your business down the road.
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Debt is an unfortunate reality for any business. When the situation arises that a business owes more money to its creditors than it can afford to repay, commercial bankruptcy can be the solution.
A business can file different types of bankruptcy, with Chapter 11 being one of the most popular. Under Chapter 11 bankruptcy, your business can continue to operate with existing management and with its assets protected—a relief to business owners who do not relish the idea of an auctioning off of company assets to pay off debts.
A Note about Reorganization
Also referred to as the “reorganization bankruptcy,” Chapter 11 permits the debtor business to submit a plan of reorganization within 120 days after filing. If this deadline is missed, the creditor or creditors’ committee may file their own reorganization plan, leaving the future of the business in their hands.
An Orlando commercial law lawyer can walk you through your decision to file Chapter 11 (or other bankruptcy) and ensure the matter is handled in a timely manner, and in a way that is most beneficial to your organization.
Corporations & Partnerships
The first decision any prospective new business owner must make is what type of business entity will best serve the owner’s vision, goals, and needs. An owner can choose from several types of entities, including:
- Limited Liability Corporation (LLC)
Each entity type touts specific advantages and disadvantages. The right match for any given enterprise depends largely on the size and nature of the business itself.
If you are considering starting a business, an Orlando commercial law lawyer can help you understand the differences between the different entity types. They will talk to you about your plans and goals for your business, as well as about some operational aspects of the company, to help you identify the ideal entity type for your endeavor.
Most businesses have some sort of intellectual property (IP)—whether it is an invention, a trademark, or a process—that is valuable enough to protect. This property is something into which your business has invested time, money, and other resources. To have it stolen or reproduced can impose serious damage, including:
- Cutting into your business’ return on their investment of these resources
- Having the value of your IP watered down when someone else copies it
- Ruining your business’ reputation if another party puts out an inferior product using your name, brand, logo, or other IP
- Being completely shut out of a market because someone else got there first—with your idea
Businesses today cannot afford to not protect their IP, but doing it correctly is a matter of understanding IP laws and all their complexities.
You can protect your business’ IP by handing this process over to Bogin, Munns & Munns.
An Orlando Commercial Law Lawyer Can Help You
No matter what commercial law needs you may encounter in your business, a lawyer from Bogin, Munns & Munns can advise and represent you to protect your business and your interests.
Call Bogin, Munns & Munns today at (407) 578-9696 for a free consultation.