Litigation – Once the Train Starts Rolling, Its Hard to Stop!
You have tried just about everything to resolve a dispute. Meetings, some back and forth with letters from an attorney, maybe even mediation…nothing is working. What’s next? Well, one option would be to let it go and move on. However, if that’s not on the table, your only other option is to try and resolve the matter in court.
If you truly want to follow through and settle a dispute via the court system, I am letting you know that once the train starts rolling, it’s hard to bring it to a stop. Filing a complaint and following through all the way to being in front of a judge (possibly with a jury) could be a long and arduous process. It can get even more complex if the other side is well funded and has an experienced litigator.
Whenever I get a client pushing to sue, I make sure that they are mentally and financially prepared for a potentially long battle. I also let them know that the actual costs will continue to mount until an ultimate resolution occurs and they may not be recoverable. To give you some perspective on things to consider before engaging in litigation, I thought the articles below may be of interest:
- Ten Things to Think About Before You Sue – FindLaw
- Take ’em to court: Suing in small claims court | Legalzoom
- What to Do if Your Business Gets Sued (businessnewsdaily.com)
- Arbitration vs. Litigation: What Is The Difference? – ADR Times
This will wrap up our series on dispute resolution. More times than not, the dispute has its roots in a breakdown in communication. The more that you and the other side can openly and honestly communicate, the less of a chance that a dispute will need to be settled in the legal system.
Here are a few other things that may be of interest:
- Pricing Strategy and Acquisition Financing (attractcapital.com)
- The Best Types of Lenders for the Current Credit Cycle – YouTube
- 2023 Volume One – Silvercrest (silvercrestgroup.com)
- Economic Review: Q3 2023 – Silvercrest (silvercrestgroup.com)
- Succession—The Real Story! – Silvercrest (silvercrestgroup.com)
- Valuation Considerations in Buy-Sell Agreements | RKL LLP (rklcpa.com)
- What’s Your Business Worth? The Three Main Types of Value | RKL LLP (rklcpa.com)
- Boost Your Retirement Plan Fiduciary Fitness in Six Steps | RKL LLP (rklcpa.com)
As always, please don’t hesitate to email myself (email@example.com), Andy Miller (firstname.lastname@example.org), Christian Miller (email@example.com), Erik Spurlin (firstname.lastname@example.org), Brad Leber (email@example.com) or anyone in our office with questions or comments.