Experienced Commercial Law Attorneys In Salt Lake City

Commercial activity includes everything to do with delivering goods and services in the marketplace. From funding to manufacturing, storing, shipping and marketing products, commercial enterprises in Utah need sound legal counsel just as they need financing and business plans to succeed.

Profitability includes safeguarding assets by the people responsible for commercial enterprises. Commercial clients of Terry Jessop & Bitner recognize the value of experienced legal advice as they navigate ups and downs in business.

Finding Solutions For A Wide Range Of Commercial Law Issues

Key facets of our legal counsel in support of effective commercial ventures include prevention and problem-solving in areas such as:

• Banking and finance: This includes loans, capitalization, loan workouts and overall financial structuring of a commercial enterprise. We will keep you in full compliance with relevant laws and regulations.
• Collection disputes, repossessions and foreclosures: When collections are necessary, we will provide the paperwork and ensure all legal requirements are met.
• Defense of creditors in bankruptcy proceedings: We have helped many clients overcome the limitations of the automatic stay in Chapter 11 reorganizations and other forms of bankruptcy.
• Commercial-related litigation and appeals: We represent plaintiffs and defendants in cases covering all areas of commerce. If we represent you or your commercial enterprise, we will persevere in pursuit of the most advantageous outcome. Terry Jessop & Bitner tackles litigation matters involving financing, collections, repossessions, bankruptcy defense and more. Our goals for our clients always highlight the bottom line, aiming to maximize a commercial venture’s assets.

Over the years, our Salt Lake City law firm has earned the trust of owners and managers of small, medium-sized and large commercial enterprises. Many consider us akin to partners in their commercial activities – and we likewise work closely with each client to enhance their initiatives and plans to protect their commercial viability.

Answering Your Questions And Concerns About Commercial Law

Understanding commercial law is essential for businesses in Utah. However, some concepts and processes can be challenging. In this section, we provide clarity on key issues we often hear from clients:

What are the key considerations in drafting a commercial lease agreement?

There are several terms and clauses one needs to review to ensure that a commercial lease agreement is comprehensive and enforceable:

• Parties and property: A commercial lease must clearly identify both the landlord and the tenant by their full legal names and contact information. It must also provide a precise description of the property, including its address and any specific areas included or excluded in the lease. This helps prevent disputes about the property.
• Lease terms and financials: It must specify the lease duration and outline any options for renewal or extension. It should also detail the rent amount, how and when it should be paid, and specifics about the security deposit.
• Use, maintenance and alterations: The agreement should define the permitted use of the property and any restrictions. It should also clarify which party handles routine maintenance and major repairs. It may also include guidelines for any alterations or improvements the tenant may wish to make.
• Insurance and legal compliance: A lease agreement should outline the insurance requirements for both parties to protect against potential damages or liabilities. Lease terms must also comply with all relevant Utah state laws and local regulations, including zoning laws and building codes.
• Termination and dispute resolution: The agreement must describe the conditions under which either party can end the lease. It may also outline any penalties for early termination or breaches of the agreement. Should conflicts come up, having a clause for dispute resolution, such as mediation or arbitration, can provide a platform for resolution without resorting to litigation.

Our lawyers at Terry Jessop & Bitner can offer creative and cost-effective solutions to ensure your commercial lease agreement is comprehensive and compliant with state and local laws. 

What are the common legal issues faced by businesses in commercial transactions?

When doing business in Utah, companies may face a variety of legal challenges in commercial transactions. Some common issues include:

• Contractual disputes: Clearly written contracts prevent disputes by detailing obligations, timelines and consequences. If a party doesn’t meet obligations, legal remedies like negotiation or litigation may be necessary.
• Regulatory compliance: Businesses must follow various industry-specific regulations, including health and safety laws. Noncompliance can lead to fines or legal actions. Regular audits and legal counsel can help avoid these risks.
• Intellectual property: Securing patents, trademarks and copyrights is crucial. Companies must be ready to defend IP rights or address infringement claims.
• Employment law issues: Businesses must adhere to labor laws on wages and discrimination. Workplace disputes and issues relating to wrongful termination must be managed carefully and according to legal procedures to prevent escalation.

For over 30 years, Terry Jessop & Bitner has been guiding Utah businesses through these complex legal issues. If you are facing any of these concerns, our experienced attorneys will assess your situation and help you explore your options.

What is the process for resolving commercial contract disputes?

Resolving commercial contract disputes depends on the nature of the dispute and the parties’ preferences. It typically begins with an examination of the contract terms, obligations and any dispute resolution clauses. Our attorneys will help you identify the specific issues and understand each party’s rights and responsibilities.

From there, several processes may take place:

• Negotiation: Often, parties attempt to find a mutually acceptable solution. This can involve meetings or written communications.
• Mediation: If negotiation fails, mediation is another option. It is a voluntary, confidential process where a neutral mediator helps parties reach a settlement.
• Arbitration: Some contracts may mandate arbitration, where an arbitrator makes a binding decision. This is less formal than court and can be faster than going to trial.
• Litigation: If other methods fail, the parties may take the dispute to court. A judge or jury will make a legal ruling to resolve the issue. Decisions can be appealed.

Each method has pros and cons regarding cost, time and confidentiality. We can help you determine the most effective approach based on the situation.

Let Our Seasoned Attorneys Guide You Through The Process: Call Today

Terry Jessop & Bitner offers small-firm affordability for commercial clients. We deliver the caliber of results you would expect from a large law firm. For a free consultation to discuss how we can help your business, contact a commercial law attorney at our Salt Lake City law firm today. Call 385-715-4116 for more information.

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