Not every problem can be dealt with through negotiation and compromise. Sometimes, it is necessary to bring the full power of the legal system to bear against an issue. To this end, business litigation is an unpleasant but necessary part of running a commercial enterprise.
Business litigation refers to any civil lawsuit filed by or against a business. Common examples of business litigation include breach of contract lawsuits, employment lawsuits, or intellectual property lawsuits.
The cost for business litigation can vary widely. If both sides settle quickly, it will cost a few thousands or tens of thousands of dollars. However, in the event of an issue with high potential dollar values, such as in the case of intellectual or copyright law, business litigation can routinely cost hundreds of thousands or millions of dollars. The general rule of thumb is that in the event of extremely costly issues, the litigation will likely be appealed or fought until one side has exhausted their resources or it has become more costly than the potential gain of winning the case.