Law Offices Michael J. Brooks, Esquire
(215) 230-3761
[email protected] “Perspective from the Legal Vantage Point”
www.Law-Brooks.com
You may try to settle the matter with the newlyweds. Certainly, you feel the changes were appropriate pursuant to the contract terms. Clearly, the newlyweds do not. The courts in general tend to be sympathetic to consumers, and the statutes protecting consumers often provide for treble damages and attorney fees. They made their demand, now you can make your offer, of what you believe is fair to resolve the matter. Keep in mind that the litigation process requires your valuable time, attention and mental energy that you could otherwise use for running your business. With that in mind, your contracts should be reviewed as follows to avoid future suits or at least come out on top if you get sued.
• Contract law in many states will allow clauses for you to recover your own attorney's fees from the other side if you win. What's more, the threat of having to pay your attorney's fees may be enough to forestall frivolous lawsuits and get the other side to settle for a reasonable amount before the dispute ends up in court.
• With a binding arbitration clause, both sides can avoid the courthouse altogether. Many times, arbitrations of disputes are faster and less expensive than going to trial in court.
And arbitrations are private matters that, unlike lawsuits, are not open to public or press
scrutiny.
• If you are threatened with a lawsuit, check with your insurance agent to see if the
dispute or lawsuit may be covered by your business insurance policy. Many business
owners are unclear as to what exactly is and is not covered by their business liability
insurance policy. Rather than just assuming that a dispute or lawsuit is not covered, it's a great idea to check with your business insurance agent. If the dispute or lawsuit is
covered by insurance, then typically the insurance company is required to pay for the
legal fees in defending the lawsuit as well as any judgment or settlement that is within the policy limits.
• A "limitation of liability and damages" clause in your contracts and agreements with another business actually limits the amount of liability and damages that you may have to incur if something goes wrong. While the other side may not necessarily agree to these types of limitations, it is certainly worth it to ask for them in your contract negotiations.