Getting Sued
Running a business presents a lot of challenges. Among which, the most expensive and inevitable, are legal conflicts. Although litigation is adversarial and truly a painful process, having the right mindset and the right people can help you navigate through the hard costs, the opportunity costs, and the emotional costs of litigation. His advice when deciding to undergo litigation: Find a trusted person who is objective that can help you think through this and not be emotional. Understand that if you go legal, your relationship with that individual or that organization will probably end Think about whether the cost of litigation is worth the end result Find an attorney that specializes in whatever litigation that you're going to need In today’s episode of the Access Points Podcast, Tim and Davin will talk about how to respond when confronted with legal issues. Having gone through the experience of litigation, they will discuss how they handle the proceedings, cope with the emotional strain, and offer great advice when deciding to litigate or when litigating against. Enjoy! In This Episode 6:51 - Why litigation is the last thing organizations want to deal with 8:21- Things to do first when deciding to litigate 9:20 - Why litigation is a painful process 12:01 - Tim's advice on finding the right litigation attorney 20:42 - Davin's interaction with legal counselors 23:21 - How to cope with the emotional strain of being sued 26:42 - His recommendations on dealing with lawyers when a lawsuit is served Favorite Quotes "Anytime you go to litigate, you're hurt, you're upset, and you feel like you've been wronged for whatever reason. And there's a lot of emotions there. And I can tell you right now, as someone who's dealt with this, those emotions will cost you dearly every single time." - Tim “No one ever really wins when someone litigates. There may be a result at the end, there may be closure at the end, but the reality is, no one really comes out the winner.” - Tim "I think by and large, emotions drive lawsuits and litigation. Whether it's to a small extent or a large extent it's situationally dependent. But there's always just an incredible emotional charge to whether you're litigating or being litigated against." - Davin "No one ever really wins when someone litigates. There may be a result at the end, there may be closure at the end, but the reality is, no one really comes out the winner." - Tim "When you make decisions by your emotions, it doesn't always play well because with the law, there is no emotion. It's typically a yes or no." - Tim "If you're considering the litigation aspect, strip away the emotion and sit on it for a little while and really be able to assess not just the hard cost, but the opportunity costs, how it's going to affect not just your life, but the lives of the ones that you love as you're going through this process." - Davin Visit Access EFM: Website Facebook LinkedIn Twitter Click here to listen with Access Points Podcast