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Business LawJanuary 13, 20230 comments

The Risks of Not Having a Business Litigation Strategy

At Munger • Denker • Ruiz • Barbour, we understand just how important it is to have a business litigation strategy in place. As business owners, it’s essential to be aware of the risks of not having a plan in place, as litigation can be costly and time-consuming. Here, we discuss four potential risks of not having a business litigation strategy:

Increased Risk of Lawsuits

Failing to have a business litigation strategy in place leaves you vulnerable to legal claims that could have otherwise been avoided. Without a plan, you are more likely to face more lawsuits due to disputes, contract breaches, and other issues that could have been avoided with proper planning.

Loss of Control

Litigation can be unpredictable, and without a strategy in place, you may not be able to control the outcome of the case or the court’s decision. This leaves you with little say in the matter and puts you at a disadvantage.

Lower Chances of Prevailing

Without a business litigation strategy, you are less likely to prevail in a legal dispute. This is because you may not have the necessary legal resources or knowledge to effectively present your case.

Potentially Increased Legal Costs

Litigation can be costly, and without a strategy in place, you may be left with higher legal fees due to the need for additional resources. An effective strategy can help reduce costs by helping you anticipate and prepare for potential disputes.

At Munger • Denker • Ruiz • Barbour, our attorneys strive to help our clients, in throughout Arizona to develop an effective business litigation strategy. Having a plan in place can help you protect your business and reduce the risk of costly and time-consuming disputes.