Listen to episode 199

Show Notes

Today we’re talking about commercial litigation, and particularly three reasons why you should be commercial in resolving any disputes in your business.

Cost

Litigation costs can be huge and can be way more than what you actually are recovering. So in any large commercial dispute, you really need to consider what are the costs that you’re going to incur?

Time

This is a hidden cost.  Instead of spending time on your business you’re spending time thinking about meeting with lawyers. It’s very important to think about how much time it’s going to take to resolve the dispute.

Outcome

Even after spending all that time and all that money you still might lose. You’re going in front of independent judge. Judge’s think the truth is somewhere in between. So if you resolve the dispute early, you’ll actually have control over what the outcome is. If you do not, well, then someone else gets to solve this feud.

 

More about this Show

We started Business Legal Lifecycle to create a simple way for you to understand complex legal terms.  Most importantly we want to help you to develop a plan to take your business successfully into the future.  There’s a startling statistic the underscores the importance of developing a solid plan.  The majority of business owners are just seven months away from losing everything.  A single aspect of your business that is not set-up correctly can shut down your whole operation very quickly.   Legal advice is not cheap and even when you can afford it there is often a divide between lawyers and their clients.  We want to close that gap once and for all.  We want to put legal knowledge and tools into your hand to prevent the worst from happening to you.

Twice a week we are going to deliver those tools right to your home or office with Business Legal Lifecycle TV.  We’ll start the week with Fast Fix Monday, a short 5-10 minute video that will tackle a single issue that businesses have to deal with.  Then on Wednesday’s our main show will feature with more fulsome discussions and interviews all delivered in a straightforward and easy to understand format.