The prospect of business litigation can strike fear into the heart of any North Carolina entrepreneur. It usually comes when you least expect it and without an immediate response on your behalf, it can wreak total havoc on your company. Even if you are the one pursuing a lawsuit, preparation is always your best answer to litigation.
Of course, sound legal counsel can help you anytime you face business litigation, but even so, you will want to prepare for the process. The tips below can help you prepare yourself and your company for the prospect of a lawsuit. Good preparation is a great way to understand litigation and put your company’s best foot forward.
Be proactive: If you fail to take immediate action in the face of potential litigation, you could worsen your situation. Often, you may even avoid a lawsuit if you respond to a complaint promptly.
Gather evidence: Hopefully, you keep all documentation involving your business because if litigation ensues, you will need it. This will aid your lawyer in preparing your case and helping you prevail.
Retain experts: Often, business litigation hinges on having experts to support your side of the suit. Take steps early on to retain any experts that can help your case. Your lawyer can assist with this important task.
Deposition preparation: Chances are, there are at least some members of your staff that will have to make a deposition in your case. Take steps to discuss these depositions and prepare your team members on how to present them.
Business litigation is, at its most benign, annoying and time-consuming. The right preparation can reduce some of these problems while also helping you put the matter to rest as quickly as possible.