While the old adage “you’re not doing well in business until you get sued” may have lost some of its luster in today’s economy, the specter of a lawsuit is something entrepreneurs and business owners should never dismiss out of hand. To some, a lawsuit is more than just an attempt to address a legal issue. It could be a means of settling a score, or a form of “legal” intimidation.
Regardless of the intent behind it, a lawsuit should be taken seriously, as protracted litigation can deprive you of more than just money. With that, this post will highlight a few proactive steps to be taken if you are served with a complaint.