Save Money by Resolving Your Small Business Dispute Out of Court
Resolving a small business dispute may seem like a cut-and-dry process, but it’s not always straightforward. Some small businesses choose to go to court on the principle of the case, but the costs of going to court can far outweigh any potential outcome. In some cases, a small business is much better off resolving the dispute out of court to save money.
Going to Court can Cost Your Business
Going to court can cost your business far more than you’re prepared to lose. If there’s any chance that you could lose a court case, it’s much more advantageous for your business to find other ways to resolve your dispute. Litigating a court case can cost thousands or tens of thousands of dollars in legal fees, expert witness fees and other costs associated with a court case. Additionally, if you loose, you’ll have to pay the judgment against you - which may end up being more than you expect.
Paying the Legal Costs of the Other Party
Under some circumstances, you might end up paying not only your own legal fees, but you could also pay for the other side’s lawyer. One small business owner went to court to get payment for a product. The court awarded him $300 for his case, but the court went on to grant the other side attorney fees. It cost this small business owner $7,000 to win a $300 judgment. You don’t want to go to court and end up paying the legal costs of not only your own lawyer, but the other party.
Save Money By Resolving the Dispute Out of Court
By settling a dispute out of court, you can save thousands or even tens of thousands of dollars. You may think you have a chance of winning, or you may want to pursue a case to court because of the principle involved - but the potential cost if there’s any chance you’ll lose far outweighs any vindication you might receive in court. Give us a call at The Posey Law Firm, P.C. to discuss your small business dispute, and we’ll help you decide whether it’s worthwhile to go to court, or whether you can save money by resolving the dispute outside of court.
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