Prevention is always better than cure. Business leaders can take several steps to minimize the risk of litigation:
Implement Clear Policies: Establish clear, well-communicated policies and procedures to ensure compliance and reduce the risk of disputes. Training and Education: Regularly train employees and management on legal requirements and ethical standards. Effective Contracts: Use well-drafted contracts that clearly outline the rights and obligations of all parties involved. Seek Legal Advice: Consult legal experts to review business practices and contracts.