What is the role of expert testimony in a business litigation case?
The role of expert testimony in a business litigation case is to provide an unbiased opinion based on their specific knowledge and experience. Expert testimony is used in a variety of ways, depending on the specific needs of the case. Generally, an expert witness can provide knowledge or assistance in determining the crux of an issue or dispute. For example, when determining damages caused by a breach of contract in a business litigation case, an expert witness can provide an opinion on the reasonable value of those damages. Expert testimony can also be used to provide an analysis of the facts of the case. An expert witness can offer an opinion on the strength of the evidence presented or provide an opinion on the interpretation of a law or contract. They can also provide an opinion on the likelihood of a certain outcome. This type of testimony helps bolster the claim of the party in court. In New York, there are strict requirements for what qualifies as expert testimony and who is considered an expert witness. Generally, expert witnesses must have specialized knowledge, be reliable and credible, and have experience related to the case. They are required to provide their opinion in an unbiased manner, backed up by their qualifications or experience. In conclusion, the role of expert testimony in a business litigation case is to provide an unbiased opinion based on their specific knowledge and experience. The testimony of an expert witness provides an analysis of the facts of the case and can help support the claim of the party in court. In order for their testimony to be considered valid, the witness must meet the qualifications set forth by New York law.
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