Why do the chronology and damages in a business lawsuit hold the keys to successful resolution? “Damages” is a legal term for the financial value of the harm or losses suffered by your business due to the actions of another party, such as in a breach of contract case.
You cannot generally force another party to deliver on an agreement or contract. In business litigation cases, the matter is resolved through the establishment of a detailed chronology of events, mastery of the resulting damages, and ultimately the achievement of a settlement or order by the Court for one party to pay the other an amount of damages and take restorative actions that are appropriate based upon all that has happened.
Mastering the Chronology and Damages in a Business Lawsuit or Dispute
The Watkins Firm has more than 40 years of experience representing business clients, shareholders, employers, investors and members in business disputes. Our proven track record of success is based upon mastering the chronology and damages in a business lawsuit or dispute.
The chronology is a well-documented sequence of events, who did what, when and why? The Watkins Firm knows the team with the strongest chronology is best prepared to carry the day during negotiations or any subsequent litigation.
The Watkins Firm does a thorough analysis of what has happened and thoroughly identifies and calculates potential damages. Our mastery of the damages is another of the keys of our proven track record of success. Damages provide leverage and urgency. Damages also provide a genuine starting point for resolving the matter at hand. The risk of future damages and/or the rising accumulation of interest and other factors help continuously drive the matter to a successful resolution.
We will discuss any need to mitigate the damages, and the steps you must take to preserve and protect your legal position.
How Are Most Business Disputes or Lawsuits Resolved?
Mastering the chronology and damages establishes the strongest foundation for resolving your dispute or lawsuit quickly and efficiently. The Watkins Firm is able to resolve the vast majority of business disputes and lawsuits through effective, leveraged negotiation. Negotiation is the least expensive and most timely strategy to resolve any business-related dispute.
When negotiations are unsuccessful the next step is usually the filing of a lawsuit by one of the parties. This usually leads to a mediation where the parties agree upon a neutral third party, the mediator, to conduct a process to help resolve the matter. The mediator works between the parties to help them understand their positions and the relative strengths and weaknesses of that position. The mediator should be an expert in the specific type of dispute at hand and can often share how most similar situations play out. The mediator can suggest compromises to resolve part or all of the dispute at hand. The goal of mediation is a “settlement agreement” that memorializes the progress or results of mediation. Mediation is a private and confidential process that keeps your financial and business information out of the public record.
If mediation is unable to resolve part or all of the dispute at hand the next step is often arbitration. Arbitration is established as an alternative to trial in a Court of Law in many business and employment contracts. Arbitration is a lot like a streamlined trial. The arbitrator is empowered to tailor the process to eliminate superfluous motions and legal maneuvers while marshaling evidence and testimony, usually over a few days. The arbitrator then issues a finding or “award” which is binding in most business applications and cannot be appealed. You have one shot at success in arbitration. This is why it is so important to work with experienced, proven San Diego business litigation and dispute attorneys at the Watkins Firm.
Proven San Diego Business Litigation and Dispute Resolution Attorneys
Negotiation, mediation, arbitration and/or trial – you don’t know from the outset how far this dispute might actually go. This is why you need the experienced, proven business dispute resolution attorneys at the Watkins Firm. Ask about our proven track record of success over more than 40 years here in San Diego and Southern California. Ask about our track record in substantial trials and why a trial attorney increases the strength of your side of the equation. Ask how our mastery of the chronology and damages sets the table for the highest probability of a timely and cost-efficient resolution in your case.
The Watkins Firm will represent you in every legal venue: mediation, arbitration, settlement conferences and trial. We work to accomplish our client’s goals and objectives in a timely and cost-effective manner. We are able to resolve the vast majority of our client’s business disputes and lawsuits quickly and efficiently through effective, leveraged negotiation.
If you are involved in a breach of contract or business dispute or lawsuit, the first call you should make is to the experienced litigation attorneys at the Watkins Firm: 858-535-1511. Your free consultation will be complimentary and substantive. We will discuss what has happened, the sequence of options you will have to resolve the dispute (such as leveraged negotiation, mediation, arbitration and litigation), and the time frame and associated cost for each step.
We invite you to review our Podcast Episodes 11 and 12 – Resolving Business Disputes Parts 1 and 2 as well as the strong recommendations of our clients and contact the Watkins Firm or call 858-535-1511 for a complimentary consultation today.
