Litigation is defined in numerous dictionaries in various ways. One definition is “The legal process of spending a lot of time, effort and money in court proceedings which may or may not resolve a dispute between two or more parties.”
Commercial disputes can be expensive, time consuming, aggravating, acrimonious, and wearing on individuals and families and take valuable time away from home, business and family.
Litigation is risky business. Lawyers may not have fully prepared for hearings and trials. Judges, juries and arbitrators may not have fully understood the law or the facts, and sometimes both. Appeals are expensive and can drag on for years. The risks associated with litigation are often not realized by the parties to a law suit until the attorney’s invoice is received, or a heart condition is exacerbated by the anxiety litigation can create. One often wonders why more individuals and businesses do not explore ways to minimize the litigation risk through mediation.
