North Carolina business litigation attorney, Thomas Kerner, has an excellent post about the rise in business to business contract litigation. Kerner says this is happening for two main reasons. First, many businesses do not use lawyers to draft their contracts. Second, many businesses often rely on form contracts that are outdated.
Kerner provides some terrific advice:
Make sure your contracts and business practices are as up to date as possible; if your contracts with customers, vendors, suppliers, distributors and everyone else you do business with aren’t up to date with the latest developments in business and contract law, you could be staring at one of these "bet the company cases".
He also provides a link to an interesting article on the huge rise in business to business litigation.