Being a proprietor of a business establishment, you may have to deal with a legal dispute. You may decide to take action against the guilty party in a Court of law. For this, you need to file a civil lawsuit with the appropriate authorities. After all, your sole objective is to protect your interests and uphold your reputation in the market. Only then will your trading partners regard you as a responsible person to conduct commercial activities with. Experts within the legal profession say some times this may be the right course of action for you to take.
Daniel E. DeKoter Lawyer – Factors you need to consider when filing civil lawsuit against a trading partner
Daniel E. DeKoter is a popular attorney practicing law in Osceola county. He specializes in lawsuits pertaining to real estate management, civil litigation, employment and corporate law. He has many years of valuable experience in dealing with such cases in Courts. Clients from the counties of Dickinson, Sioux, Lyon and O’Brien come to seek his counsel and service. Even the people from Minnesota consider him to be a creditable legal professional to hire. Presently, he is the senior partner in DeKoter, Thole, Dawson & Rockman, PLC. He has the honor of being a member of Iowa State Bar Association Legal Forms Committee.
The Daniel E. DeKoter Lawyer team of experts say businessmen need to know when it is worthwhile to file a civil litigation lawsuit. For this, they need to consider the following 3 important factors:
- Legal expenses
The first thing entrepreneurs need to keep in mind is the cost of pursing a lawsuit. Taking this course of action is not cheap. They have to careful determine the risks and potential rewards of their decision. After all, there is no guarantee the Courts will give a judgement in favor of these businessmen. In such a case, the whole exercise will be a waste of their time and money.
- Probability of winning or losing their cases
Such businessmen need to looks at the facts and evidence before filing a civil lawsuit. They need to know for sure whether they can get a favorable judgement from the jury. In many cases, this may be a tall order. After all, they may feel that they are the victims and deserve to get justice. However, the judge and jury may not agree with them after scrutinizing all the facts.
In the case of a legal dispute, proprietors need to realize that there are other alternatives to filing a civil lawsuit. They can enter into an out of court settlement with the defendants. However, they need to ensure it is in their best interests. For this, they have to consult their attorney.
The Daniel E. DeKoter Lawyer team of experts point out that civil litigation lawsuits are generally time-consuming. Moreover, there is no guarantee that the plaintiffs will get the results they desire. Moreover, there is a specific period within which they need to file such cases as per the statute of limitations. The Courts are also bound to disclose the facts to the public. This is why businessmen need to consider the above 3 factors before pursing this course of action.