Definition
Litigation, or a lawsuit, is the process by which a case goes before the court. When people or businesses have a dispute that cannot be resolved, the parties often enter into litigation and have their differences settled by a judge and/or jury.
The steps involved in litigation include the summons and complaint, the answer, case duration, preparation, discovery, motions, trial, decision, and appeal if necessary.
Business applications
Both businesses and single parties can be involved in litigation. Also, there are various forms of litigation, some of which affect businesses more than others, including corporate litigation, personal injury, intellectual property, environmental, and labor and employment law.
Concerns
In today’s business world, there are so many concerns when someone brings up litigation. Depending upon the type of litigation, there could be issues with compliance of government regulations (i.e. Sarbanes Oxley) or e-discovery. In any case, it is important to be sure your legal counsel has a good relationship with your IT department to ensure a smooth transition of documents since most data in companies today are in digital formats.
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