Rise Up In Business

What actually happens if you're sued?


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As a small business owner, the idea of being sued can be daunting. The legal process is complex and overwhelming, and the potential consequences can be significant. That's why it's important to understand what actually happens when you're sued, and how to minimise the risk of ending up in court.

In my previous career as a litigation lawyer, I’ve seen firsthand the devastating impact legal disputes can have on businesses. In this episode, I emphasise the importance of prevention over cure, and urge you to ensure your legal documentation and processes are best set up to avoid facing any future damaging legal proceedings.

While I do believe that all businesses should do their best to minimise the risk of being sued, we cannot control the actions of others. That means that in some cases, being taken to court comes at a surprise. Today I take you through the different stages of litigation, what you are obliged to do, and how long you can expect proceedings to take. 

Bringing a dispute to court is not only emotionally draining, but comes at a cost to everyone involved. I talk about legal fees, who pays what, and how you may have to pay a percentage of the other party’s costs when being sued. 

The consequences of litigation are significant and can have a lasting impact on a business's finances, reputation and relationships. I encourage you to reach out to your legal representative for advice on creating a strategy that will best support you in the event of a legal dispute.


LINKS:


Connect with Tracey: 


Get your copy of my Annual Legal Checklist here


Check out my Getting Paid Made Easy course here


Website:tmsolicitor.com.au

Instagram:https://www.instagram.com/tmsolicitor/


Book a Strategy Session with me here


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Rise Up In BusinessBy Tracey Mylecharane


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