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A litigation attorney can help business owners protect themselves from expensive legal disputes. Any size of business can encounter lawsuits that can lead to financial issues and ruin business relationships. Lawsuits are available to the public. Thus, businesses involved in lawsuits can gain media attention. Unfortunately, public controversies can damage the reputation of any business. Thankfully, a business litigation lawyer can reduce these risks. If you are a business owner, you should click here to find a reliable attorney to work with.
Why Hire a Business Litigation Lawyer
Business litigation occurs due to disputes that arise from business and commercial relationships. Business disputes include product liability, breach of contract, partnership disputes, intellectual property disputes, and employment disputes. These disputes are often complex and drawn out. Because of this, you must consult an attorney when your company is being threatened with a lawsuit or facing one.
A business litigation lawyer can help you avoid going to court, which is costly and usually results in significant expenses. Additionally, court proceedings are time-consuming. Court processes can drain your business of resources and make you unable to concentrate on your everyday operation. Your lawyer can help you avoid these losses by resolving disputes without the involvement of a court.
Kinds of Dispute Resolution
A business litigation lawyer can help you craft mutual agreements with other parties through different dispute resolution tactics. These include negotiation, arbitration, mediation, and court litigation. Negotiation is a voluntary type of dispute resolution that disagreeing parties can engage in. During negotiation, the parties involved work to raise their concerns, explore solutions for these concerns, and look for mutually acceptable settlements to resolve their conflict.
Meanwhile, mediation involves a third-party mediator helping parties that cannot resolve conflicts on their own come to an agreement. The role of the mediator is to help the parties look for a mutually acceptable resolution.
Arbitration involves a neutral arbitrator being able to make a decision regarding a dispute. It involves the disputing parties making opening statements and presenting evidence to the arbitrator. Lastly, court litigation is a costly type of dispute resolution. A judge will make a decision for the disputing parties unless a settlement was reached before trial.
Cour litigation can involve a series of hearings and orders that end when a judge makes the final orders. Usually, this process can take several years to resolve and one party can appeal the decision to higher courts.
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