If your business is sued, should you settle? The vast majority of lawsuits are resolved before trial, but there are many factors a business owner needs to consider before making an initial settlement offer.
Not only can a settlement be much less costly than going to court, it can also be a way to protect your business’ reputation. Still, choosing to settle a lawsuit is not a decision to be taken lightly.
If you’re thinking about settling, here are seven tips to keep in mind:
Whether or not you choose to settle a lawsuit, remember to make your decisions based on what’s best for the business and not just for you personally.
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- Macy’s, Martha Stewart Living Settle Lawsuit (FindLaw’s Free Enterprise)
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