business






 

Question by  scresci (23)

What are some risks that businesses deal with when going through traditional litigation?

 
+6

Answer by  John (9008)

The biggest risk is financial loss. This can include either having a judgment made against them or simply spending a huge amount on attorney's fees. Other risks can include loss of trade secrets or bad publicity, although these are somewhat less likely. The exact risks will vary with the details of the litigation, however.

 
+5

Answer by  bo (874)

Losing is always a risk when going through traditional litigation. Some downsides of litigation are that it is costly, time consuming, and you always have the risk of losing. Alternative dispute resolution processes are always cheaper and more efficient.

 
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