Business Liability Planning

Did you know that 80% of the commercial activity in the Mexican United States is carried out without formalities or legal documents?

Situation

This is because of the initial trust that customers/suppliers implicitly add to their operations and transactions. In this way, paperwork is reduced, speeding up processes and results between contracting parties.

What is the problem?

The problem with these informal commercial practices is that, in the event of any possible controversy and, in the absence of sufficient evidence to confirm one’s own operations and business, it will be more difficult to obtain recovery of obligations in a lax and friendly manner.

There are always damages and losses in the patrimony of the companies that before the lack of formalities, they become more complicated to accredit before some authority, in the judicial thing, even extrajudicial.

Consequences

If the parties do not reach any agreement, we as commercial parties must have sufficient evidence and documentation to mount a defense against any authority designated to settle any disputes that may arise, either through the courts or through alternative means of resolution such as mediation, including commercial arbitration.

How can we help you?

WMP Mexico Advisors provides you with advice and consultancy on commercial obligations in order to professionally integrate your operations and transactions, thus avoiding having to resort to unnecessary ways of resolving your disputes.

In case you require the initiation of any controversial way by the commercial parties, or even related consulting, WMP Mexico Advisors has experts in Commercial Litigation that will be able to advise you and, if necessary, define your legal situation, until the total solution of your commercial disputes.

If you have any doubt or need clarification in this informative note, the WMP Legal department is happy to support you! Click here to see an overview of our services!