Minneapolis Minnesota commercial litigation attorney Bryan Feldhaus discusses compliance and litigation insurance.
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Preparing for a possible litigation by a business is really based on the sports adage “a good offense is a good defense.” By instituting compliance policies, litigation hold policies, ensuring that your commercial agreements have been drafted by counsel and are well structured, first, allows a company to avoid litigation in the first place. But in the event that litigation ensues, I often remind companies of the old British Army adage, “proper preparation prevents poor performance.” And that’s really critical. A company that prepares for the eventuality of litigation can better respond to it in a prompt and efficient manner.