The Business Bar: Contingency and Commercial Law

Episode Summary: In this episode of The Business Bar: Contingency and Commercial Law, host Lisa Mosbey sits down with Gary August, founder of August Law, to explore the intricacies of arbitration in business contracts. Gary, a seasoned business litigator in Michigan and Florida, delves into why businesses often include arbitration clauses and the misconceptions surrounding them. He explains that while arbitration is perceived as a cheaper and quicker alternative to court proceedings, it often surprises companies with high costs and limited appeal rights. 
Gary shares a compelling case where the arbitration process led to a surprising outcome, highlighting the importance of understanding the arbitration landscape before committing to it. This episode is essential for business owners and legal professionals looking to navigate the complexities of arbitration and make informed decisions about dispute resolution.
Key Timestamps:00:01 – Introduction00:25 – Why Businesses Choose Arbitration00:39 – Common Misconceptions About Arbitration01:29 – Surprises in Arbitration Costs02:11 – The Role of ADR Organizations03:13 – Arbitrator's Influence and Power04:51 – Limited Appeal Rights in Arbitration05:55 – When Arbitration Makes Sense06:21 – Courtroom vs. Arbitration: A Comparison06:27 – Case Study: Impact of Arbitration on Strategy08:11 – Advice for Businesses Considering Arbitration09:08 – Importance of Consulting a Litigator
About the Show: The Business Bar: Contingency and Commercial Law is a podcast dedicated to unraveling the complexities of business litigation and dispute resolution. Hosted by Lisa Mosbey, the show features expert insights from legal professionals like Gary August, who share their experiences and strategies in handling high-stakes commercial disputes. Whether you're a business owner, legal practitioner, or simply interested in the intricacies of business law, this podcast provides valuable knowledge and practical advice to help you navigate the legal landscape with confidence.
For more information, visit our website:www.august-law.com

Episode Summary: In this episode of The Business Bar: Contingency and Commercial Law, host Lisa Mosbey is joined by Gary August, founder of August Law and an experienced business litigator in Michigan and Florida. Gary shares insights into the critical factors businesses must consider before pursuing litigation: liability, damages, and collectability. He explains how these elements determine the viability and potential success of a lawsuit. Gary discusses real-world examples, including cases involving General Motors and a major oil spill, to illustrate the complexities of litigation and the importance of strategic decision-making. Listeners will gain valuable knowledge on how to assess the merits of a legal dispute and the importance of consulting with an experienced attorney to navigate the legal landscape effectively.
Key Timestamps:00:01 – Introduction00:35 – Gary August's Path to Business Litigation01:23 – Evaluating a Strong Case for Litigation02:30 – Understanding Collectability03:14 – Real-World Example: General Motors Case04:27 – Aggressive vs. Strategic Legal Strategies05:33 – Business Realities vs. Legal Claims07:01 – Final Advice on Pursuing Litigation08:05 – What a Consultation Looks Like
About the Show: The Business Bar: Contingency and Commercial Law is a podcast dedicated to exploring the intricacies of contingency and commercial law. Hosted by Lisa Mosbey, the show features conversations with legal experts who provide insights into high-stakes commercial disputes, business breakups, and complex litigation. Designed for business owners, entrepreneurs, and legal enthusiasts, the podcast aims to demystify legal processes and offer practical advice for navigating legal challenges. With a focus on clarity and actionable insights, The Business Bar: Contingency and Commercial Law empowers listeners to make informed decisions in the legal arena.
For more information, visit our website:www.august-law.com