What are the advantages of settling a business litigation case?

Settling a business litigation case has a number of advantages for all parties involved. Settling allows the parties to avoid costly and lengthy court proceedings, where both sides potentially risk losing or having to pay the other side for damages. In settlement negotiations, both parties can try to come to an agreement outside of court that is mutually beneficial and fair. Settling also limits the risk that one party may be faced with a less favorable outcome than expected from a judge. When running a business, there may be situations where it is better to accept an unfavorable settlement than risk having to pay out or take an even bigger loss from a judge’s decision. Settlements can also give the parties more privacy than a court trial, as the details of the case are typically not publicly available. Finally, settlements can be a faster and simpler process than going to court. In New Hampshire, the state Supreme Court has established mediation and alternative dispute resolution procedures for business litigation cases which can help the parties to come to an agreement without the need for expensive litigation or a lengthy trial. This allows both sides to move on with their business promptly and with minimal disruption.

Related FAQs

What are the advantages of settling a business litigation case?

Related FAQs

Related Blog Posts