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Taking precautions and implementing policies to avoid potential legal disputes will often pay dividends in the long-run. Strategic planning is critical in all complex business and personal transactions.
The single best way to prevent litigation is to anticipate problems and implement strategies that will help prevent them.
Often times, anticipating potential problems is easier said than done. It is impossible to anticipate every possible scenario that might ultimately result in a legal conflict. However, preventative measures can certainly help to minimize litigation exposure.
Whether you are starting or selling a business, making a will, terminating an employee, renting a home, borrowing money or any number of other possible life-decisions, consider consulting a profession for advice in the transaction.
While professional advice can be expensive, consultation with an expert might illuminate issues that you have not considered and/or reassure you that your strategy or approach makes sense.
For many legal concerns, insurance policies can help to protect your business, property, and investments. Although insurance companies are notorious for their reluctance to pay claims, insurance remains an important way to reduce the financial risks associated with lawsuits, especially in areas involving property, casualty and business-related claims. A competent, qualified, insurance professional should be able to explain available policies, coverages, and costs of your insurance needs.