1. Seek Legal Advice: Immediately consult with legal counsel to understand the nature of the litigation and the potential consequences for your business.
2. Gather Documentation: Collect all relevant documents and evidence related to the dispute. This can include contracts, correspondence, and any other pertinent records.
3. Evaluate Options: Consider all possible resolutions, including settlement, mediation, or going to trial. Your legal counsel can help you weigh the pros and cons of each option.
4. Communication: Maintain open communication with stakeholders, including employees, partners, and customers. Transparency can help maintain trust and mitigate reputational damage.