Litigation
Litigation is a formal legal process used to resolve contract disputes when parties cannot reach an agreement. It involves filing a lawsuit in court where each side presents evidence and arguments. A judge or jury then makes a binding decision based on the law and the facts of the case. Litigation can be time-consuming and expensive, often involving multiple hearings and extensive documentation. It is typically considered a last resort after other dispute resolution methods, such as negotiation or mediation, have failed. The outcome can be unpredictable, as it depends on the legal interpretation and the specifics of the case.
Additional Insights
-
Litigation is the process of resolving disputes through the legal system. It involves one party (the plaintiff) filing a lawsuit against another party (the defendant) in court. The parties present their case, including evidence and arguments, to a judge or jury, who then makes a decision. Litigation can cover a wide range of issues, including contracts, personal injury, and family matters. The outcome can result in financial compensation, court orders, or other legal remedies. While litigation can be a formal and lengthy process, it aims to ensure justice and uphold the rule of law.