“An Ounce of Prevention”

Posted on July 3, 2014
by Kim J. Trout

Years ago, an oil filter commercial coined the phrase “pay me now, or pay me later,” contrasting the cost of a mere oil filter with the cost of replacing a failed engine.

The brutal reality of the cost of protracted litigation today, makes the commercial jingle never truer. Litigation is expensive — both in the monetary cost of lawsuits and in the “hidden costs” of your and your key personnel’s time and resources.

In today’s environment, every business faces risks:

  • Risk in contractual relationships with vendors, suppliers, customers, and employees;
  • Risk in compliance with governmental regulations;
  • Risk in employee conduct both inside the workplace and in dealing with third parties; and
  • Risk of non-payment for goods and services.

 

Each organization has its own unique risks, some known and some unknown.  Smart and proactive business owners make conscious decisions about risk by obtaining preventative legal services.  These services can come in many forms, but certainly should include an overall assessment of the organization’s legal risks.

 

Risk is a unique and varied beast that every organization faces.  The challenge for organizations is first recognizing risks, evaluating the risks, and then making an informed business decision on the best method of managing the risk in the current moment.  This is the true meaning of “an ounce” of prevention.

 

These are just a small sample of the issues which you can anticipate, and eliminate, with “an ounce” of preventative legal services.

 

At Trout Law, we assist clients in addressing these risks and many more.  Trout Law is the way to win from the start.

 


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