Being in business means you may end up needing to hire a business litigation attorney. The fact of the matter is that you’ll never reduce your liability to zero, but there are a lot of things you can do to avoid litigation. Here are 5 tips for keeping your Las Vegas business out of court:
1. Get Everything in Writing
A verbal agreement is not enough when you are business. If a vendor doesn’t deliver on time and you refuse to pay, you could get sued for what you owe.Unless you have a written contract showing the order and the delivery date, the court may rule against you. A verbal agreement won't work. The only way to be sure that everyone is one the same page and that you have a solid basis for a legal recourse if things don’t go as planned is to get a written contract or agreement.
2. Implement Shareholders or Partners Agreements
Bad breakups happen. We see it all of the time. Having a written shareholder agreement, bylaws or an operating agreement in place is the safest way for all business associates to know what each of them is getting into. Shareholder agreements can be tailored to your needs and can ensure all shareholder and owner rights. A good Las Vegas business attorney can help write an agreement that is right for you and your business.
3. If you're in trouble get help sooner rather than later.
Suing a business doesn't happen over night. Business owners often know months or even years in advance that the chance of a lawsuit is likely. We see time and time again that most business wait until after they are sued to address the issues that led to litigation. This can end up being more costly and can even result in a higher verdict against your in the existing lawsuit. You can head off a lot of lawsuits by acting quickly to resolve problems the moment you are aware of them. It is better and much cheaper to be proactive and use mediation or settlement options than to end up in court.
4. Be Willing to Settle
Businesses make mistakes too. Even our business has ended up in litigation. It is very easy as a business owner to "dig in" and want to fight everything. However, having a business involved in litigation can be expensive both financially and emotionally. It will take your time away from your business and your employees to focus on the litigation. Knowing when to settle can help you save a lot of time and money. You’ll stay out of the courtroom, and you’ll put the case behind you quickly.
5. Keep a Business Lawyer on Retainer
Unless you are an attorney, you will need someone on your side who knows the law and knows the ins and outs of litigation. Even for small businesses it is important to keep a business lawyer on retainer who can review contracts, make recommendations on employee policies, and provide legal guidance. Having a business lawyer on your side is cheaper than you think and could end up saving you significantly more in the long run.
Rosenblum Law Offices helps businesses of all types in Las Vegas and throughout Clark County, Nevada. If you have been served with a lawsuit or you need a business attorney to assist you, we can help. Contact us today at (702) 433-2889 or fill out our on-line form for more information.