For a business in the throes of a commercial dispute, the financial strain of legal action is bound to weigh heavy, so where possible, most will want to avoid a dispute ending in litigation.
Litigation can be as expensive as it is time consuming, and the sheer output of resources needed to decide a conflict in the courts can be draining for not only companies small or large, but the individuals in the crossfire.
In the current recessionary economy, this cost may bear greater impacts than usual. From tackling inflation, to supply chain issues and talent shortages, businesses are cutting costs to help manage these challenges and incurring a costly lawsuit will be a last resort for many.
