Business litigation can be broadly defined as the legal processes for resolving disputes involving a business, and may include lawsuits, arbitration, mediation, and administrative law proceedings. These business disputes may involve customers, vendors, other businesses, members of the public, insurance companies, or state and federal government agencies.
In Nevada, business litigation encompasses a variety of legal disputes that businesses may encounter. This includes conflicts with customers, suppliers, other businesses, the public, insurers, and government entities. Nevada's legal framework allows for resolving these disputes through the court system, where lawsuits can be filed and tried. Alternatively, parties may engage in arbitration or mediation, which are forms of alternative dispute resolution (ADR) that can be more cost-effective and quicker than traditional litigation. Arbitration is a process where an arbitrator makes a binding decision, while mediation involves a neutral third party helping the disputing parties reach a settlement. Additionally, administrative law proceedings may occur when disputes involve regulatory agencies. Nevada businesses must comply with both state statutes and federal laws, which can govern the conduct of businesses and the resolution of disputes. For instance, the Nevada Revised Statutes (NRS) contain provisions that relate to business operations and litigation, while federal laws may apply in cases involving interstate commerce or federal regulations.