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 help to guard against this, 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?
Know what you are up against: Big companies hire big law firms.
If you are in a dispute against a large company, you could be facing the possibility of litigation with one of the biggest law firms in the country. Even if the other party is clearly liable, a tough team of opposing lawyers could threaten your livelihood if you do not have the right attorney by your side.
You need your own tough and dedicated legal counsel – a trial lawyer with experience in representing business owners with everything at stake. Look for an attorney with a proven record of standing up to larger firms. 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.