What Should Business Leaders Do When Facing Litigation?
If litigation becomes unavoidable, business leaders need to take decisive actions to manage the situation effectively:
Hire Competent Legal Counsel: Engage experienced attorneys who specialize in the relevant area of law. Gather Evidence: Collect all necessary documentation and evidence to build a strong case. Communicate Transparently: Keep all stakeholders informed about the status of the litigation and its potential impact. Consider Settlement: Evaluate the possibility of settling the dispute out of court to save time and resources.