In the course of your commercial litigation action, you may reach a point at which your interests dictate getting a court order that prevents your opponent from taking certain actions. If you decide to seek an order of injunctive relief, there are certain specific things that you’ll have to demonstrate to the court in order to succeed. Whether you are seeking to use an injunction or some other legal tool to advance your interests in your commercial dispute, it pays to make sure that you have a skilled Florida commercial litigation attorney on your side.
One recent commercial contract case from Miami provided an example of what it takes to get a valid injunction. The basis for the underlying case was a commercial services agreement that called for one entity to provide services and to advance funds to the other entity. In exchange for the provision of services and advance of funds, the service provider was to receive a 20% interest in the profits of the other entity, an investment company.
There are certain circumstances under which a business agreement and compensation provision like the one outlined above might be easily workable. There are other situations, though, in which it can become complicated. A circumstance in which the business arrangement sours and in which the recipient of services owns exactly one asset, which it is poised to sell, is an example of the latter. That was the situation facing this service provider. It had not received the compensation to which it thought it was entitled, and the entity that owed payment to it was allegedly on the verge of selling its only asset and distributing those proceeds.