FIN 240 Lecture 4: Finance 240 Lecture 4
Document Summary
Begins with accident, breach of contact, or other events. Party hires a lawyer, who files a complain and notifies the defendant. Defendant"s attorney files an answer or a motion to dismiss. Trial and perhaps post-trial motions and/or an appeal. You can represent your own attorney, unless you are a corporation. Hire an attorney - attorney may change one ormolu of the following fees for service. Contingency fee - attorney will get paid if you get paid. Settlement consideration - amount of resources an attorney will spend on a given case is affected by: Pretrial litigation process - consists of filing the pleadings, gathering of evidence (discovery), and completing other procedures such as jury selection. The pleadings - formal statements made by the plaintiff and the defendant in a lawsuit that detail the facts, allegations and defenses involved in the litigation. Sufficiently detailed that puts the other party on notice, what your defenses are.
