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Is winning a lawsuit the only way to protect your business?

On Behalf of | Aug 19, 2021 | Business Law

Even when enjoying major returns on investment, entrepreneurs know that a single legal dispute could mean the downfall of a business.

Some people might ask which option makes the most sense – to litigate or not to litigate? But if you’re like many business owners, there is no question at all: winning the lawsuit is the only way to protect your livelihood, and losing your business could mean financial ruin.

If you start a business from nothing, you understand what is at stake.

An owner of a multi-million-dollar firm could see the entire enterprise undermined by a breach of contract or partnership dispute. An excellent, forward-thinking contract can certainly guard against this kind of thing, but what can you do when a partner or another business drops out of a joint venture without warning – and after you’ve spent millions preparing for the deal?

Big companies hire big law firms.

If your plan was to combine with a much larger business, you could be facing the possibility of litigation with one of the biggest law firms in the country. Big companies hire big firms. Even if the other party is clearly liable, a tough team of opposing lawyers could threaten your livelihood.

You need your own tough and dedicated legal counsel – a trial lawyer with experience in representing business owners with everything at stake. Even if your case ultimately settles outside of court – as most business disputes do – your case should be thoroughly prepared for trial so that you are positioned to achieve the best possible outcome.