Many people in Tennessee carry some sort of debt. It may be a mortgage, a car loan or credit card debt, to name a few. While most people dutifully pay back their debts, there will always be some that do not make the required monthly payments on their debts. When this happens, lenders may work with debt collectors to try to recover what they are owed.
Even the best, most well-managed business in Tennessee can see business disputes arise. Sometimes, these disputes involve employees who feel they were wronged by their employer. Other times, these disputes involve an alleged claim of breach of contract or breach of fiduciary duty. Still other times, a business is accused of violating a regulation.
Business relationships in Tennessee must be based on honesty and trust in order to be successful. Sometimes two businesses can work together towards a common goal that will ultimately benefit both of them. However, these deals can sour if one business claims that the other business unlawfully misappropriated trade secrets, committed unfair competition or committed defamation.
After the death of a loved one, you may find yourself facing the immense responsibility of settling his or her estate. If you learn you are the administrator of a person's Tennessee estate, you may not know what that means or what you have to do next. You would be wise to ensure you know what to expect and what requirements you will have to meet.
When a small business owner in Tennessee has a legal dispute, it doesn't always mean the situation will go through an expensive, full-blown trial. Alternatives to traditional litigation exist, such as arbitration and small claims court. These alternatives may be appealing to small business owners, as they often serve as a means to resolve a legal dispute in a relatively quick and less costly manner.