The document outlines six key principles for avoiding litigation in business: maintain good relationships, know your business partners, put agreements in writing, ensure accurate marketing materials, address potential problems promptly, and take responsibility if mistakes occur. These practices help prevent misunderstandings and promote fair dealings, potentially saving businesses losses and reputations. The guidelines emphasize the importance of clear communication and accountability in business operations.

1. The 6 Key Principles to Avoid Litigation in Business

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3. But Isn't This Plain Foolishness?
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4. This Deck Focuses On 6 Key Principles To Avoid Litigation In Business
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1. Establish And Maintain Good RelationshipsWith Your Employees, Customers, Suppliers And Business Partners And Treat Them Fairly
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Key Principle
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2. Know Who You Are Doing Business With.Avoid Doing Business With Individuals And Companies With Bad Reputations / A History Of Litigation
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Key Principle
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7. 3. Put Every Agreement In Writing. Many Disputes Arise Due To Misunderstandings And Ambiguities
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Key Principle
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8. 4. Ensure YourMarketing And Promotional Materials Are Accurate, Do Not Over –promise, And Are Not Deceptive.
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Key Principle
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9. 5. Respond Promptly To Potential Problems Before They Escalate. Litigation Often Arises Due To Problems Not Addressed In A Timely Manner.
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Key Principle
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10. 6. If You Are Wrong, Take Responsibility Promptly And Work Diligently To Correct The Problem And Mitigate Damages Of All Parties.
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Key Principle
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11. Wouldn't These Simple Tips Save You From Losses, Embarrassments & Bad Reputation?
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12. Email: sadashiv@actsol.in
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