When faced with a lawsuit, or the threat of a lawsuit, it is crucial that every business owner understands the basics of business litigation and what it means for their company. Because legal conflicts can stem from a variety of sources, business owners should understand business litigation timelines, how to prepare for disputes, how to preserve documents and evidence, how to interview employees, and how to optimize results while reducing expenses.
Business litigation often involves a conflict that emerges from commercial and business relationships, such as legal claims made by a firm against another corporation, a government agency, or a group of people.