Nobody likes conflict with another person or organization, but, in reality, it might just be inevitable. And where a dispute is unavoidable, the question is which course of action can you use in resolving it.
Traditionally, litigation has continually become a pick for parties who are involved in a dispute and cannot agree on a fair and proper outcome themselves. However, today, people commit to litigation, even over trivial issues.
Litigation is the process of taking legal action on a disagreement between parties. It might be favorable, mostly where the law and evidence are on your side, but a complete turn if it’s the other way around.
Basic Advantages of Litigations in Law
- Parties are bound to accept the court’s rulings
With the constitution of the judicial system, verdicts given through litigation compel parties to accept, and if not, they will be at risk of being penalized. These penalties can entail seizure and sale of property or possible jail time. At that, even the losing party in litigation is liable to accept the jury’s verdict.
- Protecting the company’s intellectual property
Taking legal action is best when defending a company’s intellectual property rights. By the court’s order, owners can protect and keep their rights to the company’s intellectual properties, like patents, trademarks, and copyrights.
- Public Record
When taking legal action over a disagreement, the rulings are always on public record. It’s very beneficial, as it can prevent damages by stopping false reports or rumors from leaking from the disagreement. A public record could reduce social media speculation, and anywhere reputation is paramount.
More advantages include the Potential for a predictable outcome and Rights to Appeal (if you’re at the losing end.)
Basic Disadvantages of Litigations in Law
- Time-consuming
Litigation, no doubt, has a lengthy time frame, taking up to several years before the jury gives its verdict. Both parties may have to wait until the case is resolved through this period. If the issue needs to be resolved quickly, litigation is not ideal.
- Damaging relationships
Pursuing legal action can be so challenging for personal or professional relationships to thrive. It’s important to only go through litigation with another party if there’ll be no future commercial connection between you and them. In litigation, relationships can be severed, harming future income.
