The document discusses 5 key things to know about lawsuits: 1. Plan for lawsuits to be a long process typically taking 12-18 months, though small claims can be faster under $10k. 2. Make sure corporate documents like bylaws and financials are organized and a document retention policy is in place, including emails. 3. While your attorney is your agent, the opposing counsel is not your friend and lawsuits follow over 1,000 rules of procedure and evidence. 4. Consider alternatives to lawsuits like mediation to possibly reach a settlement. 5. If a judgment is made, understand how to collect on it including exemptions, and the option to appeal.