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How to Avoid the Hassles of Business Litigation

How to Avoid the Hassles of Business Litigation
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Business litigation is expensive, pure and simple. It is costly both in terms of time and money and should be avoided where possible. Even a favorable settlement could take months – if not years – to complete. In that time, you’re likely to lose productivity, value, and income. It’s sometimes not worth it. To avoid the cost of litigation, we recommend taking proactive and preventative steps. The more prepared you are, the more likely you’ll handle the situation positively.

Preventative Steps

First and foremost, you can do your best to avoid litigation altogether:

  • Do not skimp on contracts. Instead of spending on legal fees during a lawsuit, making a smaller investment by writing a substantial contract and obtaining agreements up front.
  • Audit your policies. Ensure you have coverage for your business. Consult an attorney to decipher your insurance policies to ensure you have the right type of insurance and the proper amount of coverage.
  • Keep all records. Producing key documents can thwart business litigation, saving you money in the future.
  • Be proactive. A small dispute may quickly turn into a significant lawsuit. Deal with any minor conflicts early on to avoid a court case.

Don’t Be Sloppy

If you’ve become accustomed to dealing with someone on a daily basis, it’s easy to become complacent and let your guard down. However, a smart businessperson will always have protection. For example, if you’re working with a contractor – the same one for a few years – and they’ve never failed to pay, still send the required Notice to Owner, which ensures your lien rights are protected.

For goods, do not pay purchase price without requiring the whole sum paid be placed into escrow, even if you’ve worked with your supplier on countless occasions.

Contact Us

If you have questions regarding business litigation, contact Lucé Law, PC by calling (972) 632-1300. In fact, we’ll work with you to avoid costly business litigation.

Legal Practice Areas

Joe Lucé represents individuals dealing with the repercussions of personal injuries, auto accidents, slip and fall injuries and wrongful death.
Personal Injury

Personal Injury

Our experience dealing with personal injury claims means we know how to get results.

wrongful Death attorney

Wrongful Death

The loss of a loved one is compounded when it’s the result of wrongful death.

Slip and Fall Injuries

Slip and Fall Injuries

Slip and fall accidents occur regularly in commercial buildings, workplaces, stores and malls.

Auto Accidents

Auto Accidents

Auto accidents are frequently preventable, with distracted drivers, vehicle malfunctions and other conditions to blame.