Litigation expenses encompass a wide range of fees, including attorney retainers, court filing costs, expert witness fees, discovery expenses (such as document review and depositions), and potentially the cost of enforcing a judgment. For instance, a straightforward breach of contract case might involve comparatively modest expenses, while complex intellectual property litigation could necessitate a substantial financial investment.
Understanding potential litigation costs is crucial for informed decision-making. A realistic assessment of these expenditures allows individuals and businesses to evaluate the potential financial risks and benefits of pursuing or defending a legal claim. This proactive approach empowers parties to explore alternative dispute resolution methods, budget appropriately, and negotiate from a position of strength. Historically, access to justice has been influenced by the financial resources required to navigate the legal system. Transparency around these costs remains a vital component of ensuring equitable access to legal remedies.
