The Business Bar: Contingency and Commercial Law

In this episode of The Business Bar: Contingency and Commercial Law, host Lisa Mosbey sits down with Gary August, founder of August Law, to explore the intricacies of arbitration in business contracts. Gary, a seasoned business litigator in Michigan and Florida, delves into why businesses often include arbitration clauses and the misconceptions surrounding them. He explains that while arbitration is perceived as a cheaper and quicker alternative to court proceedings, it often surprises companies with high costs and limited appeal rights. 

00:01 – Introduction

00:25 – Why Businesses Choose Arbitration

00:39 – Common Misconceptions About Arbitration

01:29 – Surprises in Arbitration Costs

02:11 – The Role of ADR Organizations

03:13 – Arbitrator's Influence and Power

04:51 – Limited Appeal Rights in Arbitration

05:55 – When Arbitration Makes Sense

06:21 – Courtroom vs. Arbitration: A Comparison

06:27 – Case Study: Impact of Arbitration on Strategy

08:11 – Advice for Businesses Considering Arbitration

09:08 – Importance of Consulting a Litigator

The Business Bar: Contingency and Commercial Law is a podcast dedicated to unraveling the complexities of business litigation and dispute resolution. Hosted by Lisa Mosbey, the show features expert insights from legal professionals like Gary August, who share their experiences and strategies in handling high-stakes commercial disputes. Whether you're a business owner, legal practitioner, or simply interested in the intricacies of business law, this podcast provides valuable knowledge and practical advice to help you navigate the legal landscape with confidence.

www.august-law.com

In this episode of The Business Bar: Contingency and Commercial Law, host Lisa Mosbey is joined by Gary August, founder of August Law and an experienced business litigator in Michigan and Florida. Gary shares insights into the critical factors businesses must consider before pursuing litigation: liability, damages, and collectability. He explains how these elements determine the viability and potential success of a lawsuit. Gary discusses real-world examples, including cases involving General Motors and a major oil spill, to illustrate the complexities of litigation and the importance of strategic decision-making. Listeners will gain valuable knowledge on how to assess the merits of a legal dispute and the importance of consulting with an experienced attorney to navigate the legal landscape effectively.

00:01 – Introduction

00:35 – Gary August's Path to Business Litigation

01:23 – Evaluating a Strong Case for Litigation

02:30 – Understanding Collectability

03:14 – Real-World Example: General Motors Case

04:27 – Aggressive vs. Strategic Legal Strategies

05:33 – Business Realities vs. Legal Claims

07:01 – Final Advice on Pursuing Litigation

08:05 – What a Consultation Looks Like

The Business Bar: Contingency and Commercial Law is a podcast dedicated to exploring the intricacies of contingency and commercial law. Hosted by Lisa Mosbey, the show features conversations with legal experts who provide insights into high-stakes commercial disputes, business breakups, and complex litigation. Designed for business owners, entrepreneurs, and legal enthusiasts, the podcast aims to demystify legal processes and offer practical advice for navigating legal challenges. With a focus on clarity and actionable insights, The Business Bar: Contingency and Commercial Law empowers listeners to make informed decisions in the legal arena.

www.august-law.com