Disputes are something businesses should look to avoid at all costs. Legal action can result in your time being wasted, financial exhaustion and even long term damage to your brand.
While legal representation from specialist solicitors at Davis Blank Furniss can help you to mitigate the impact of any dispute that does arise, we believe that prevention is better than cure. We work hard to make sure that our clients are protected against long lasting and expensive commercial litigation and help businesses to reduce the risk of disputes all together.
Plan and prepare to best avoid disputes and lawsuits
At Davis Blank Furniss, we recommend that clients adhere to the following strategies in order to prevent their business from becoming embroiled in disputes:
1) Put everything in writing
Any agreement that you have with a business or individual should be put down in writing, and where appropriate, include terms that limit your liability.
These agreements should clearly outline what happens if the relationship breaks down, while it should also reflect the terms on which you plan to do business. This can help to prevent disputes from arising and allow you to reach an amicable solution should the relationship ever deteriorate.
2) Review your agreements and contracts
Disputes between business partners or directors are a common cause of commercial litigation. If you are merging, selling or acquiring a business, carefully review any transactional agreements to reduce the risk of litigation subsequently.
We would also recommend that you regularly review all your contracts and agreements, making sure that any alterations to how you do business are included and signed off by the relevant parties.
3) Understand key legal issues in your industry
Business owners should have a clear and up-to-date understanding of any key legal issues related to their organisation or industry in order to adequately prepare for any potential troubles.
Many Davis Blank Furniss clients benefit from regular legal guidance, which gives them an opportunity to keep on top of any potential legal issues, legislation changes and concerns so that they can reduce the risk of any stressful and costly disputes or legal action occurring in the future.
4) Sensibly act upon any disputes
If your business faces a slight glitch or complaint, you should take immediate action to make sure that the issue does not snowball into a larger, more troublesome problem.
Your management team should be adequately trained to identify and resolve issues, while many businesses also seek specialist advice from commercial litigation solicitors at Davis Blank Furniss to make sure that they respond in a prompt, efficient and legally compliant manner.
5) Plan and prepare
While it is not entirely possible to put a stop to all commercial disputes, you can make sure that you are fully prepared if any litigation is brought against your business.
Regular consultations with a legal specialist at Davis Blank Furniss can make sure that any dispute is handled swiftly and successfully. Your solicitor will fully understand your business and industry, which can allow them to take action right away using an approach that is in your best interests.
These are just a few ways in which the commercial litigation solicitors at Davis Blank Furniss help businesses to reduce the risk of becoming embroiled in legal proceedings. Feel free to contact us on 0800 0284 396 to find out more about the bespoke help and support we provide to our clients.