Commercial Dispute Solicitors

Commercial disputes can be resolved through various methods, including negotiation, mediation, arbitration, and litigation. The choice of method depends on the nature of the dispute, the preferences of the parties involved, and any contractual agreements in place.

Remedies available in a commercial dispute can vary depending on the nature of the dispute, the specific contractual agreements involved, and the applicable laws. Here are some common remedies that may be available to parties involved in commercial disputes:

Damages: Damages are a common remedy in commercial disputes. There are different types of damages, including compensatory damages, consequential damages, punitive damages and liquidated damages.

Specific Performance: In some cases, the court may order the breaching party to fulfil their contractual obligations. This is often used in cases where the subject matter of the contract is unique or where monetary damages would not adequately compensate the injured party.

Injunctions: An injunction is a court order that restrains a party from taking certain actions. In commercial disputes, injunctions can prevent a party from doing something that would cause irreparable harm to the other party.

Rescission: Rescission is the cancellation of a contract. It allows the parties to be restored to their pre-contractual positions. It is typically used when there is a fundamental mistake or misrepresentation that makes the contract voidable.

Reformation: Reformation allows a court to modify the terms of a contract to reflect the true intent of the parties when there is a mutual mistake or a drafting error in the contract.

Specific Damages: In some cases, the injured party may seek specific damages, such as the return of specific property or assets that were part of the dispute.

Settlement and Alternative Dispute Resolution: Parties involved in a commercial dispute may choose to settle the matter through negotiation, mediation, or arbitration. Settlements can take various forms, including financial settlements, adjustments to contracts, or agreed-upon actions to resolve the dispute.

We know that funding a commercial dispute might be a worry, so we offer a range of options. These include:

• Legal expenses cover

• Private payment.

The time limit for bringing a commercial dispute in Northern Ireland can vary depending on the nature of the dispute, the applicable laws, and the specific circumstances. It's important to note that there may also be exceptions or variations in the time limits depending on the specific circumstances and the type of dispute.

Legal advice from a solicitor is advisable to determine the precise time limit applicable to your situation.