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The Reality of Small Business Litigation: Defense, Offense, and Everything In Between | Lazy Leverage #65
Manage episode 495896653 series 3611694
Jon and Peter tackle one of the most stressful parts of running a business that nobody talks about: getting sued. Or threatened with lawsuits. Or dealing with angry lawyers sending nasty letters demanding ridiculous amounts of money.
It happens to almost every business owner, but nobody shares war stories because of shame, legal settlements with gag clauses, and the general awkwardness of admitting you're in legal hot water. Jon and Peter break that silence with practical advice from the trenches.
They cover how to tell the difference between someone who's actually dangerous (rich people who can afford to throw $20K at a lawyer just to mess with you) versus someone who's all bark and no bite (anyone who mentions their "brother-in-law the lawyer"). You'll learn why the person who can afford legal fees longest usually wins (regardless of who's actually right).
The conversation gets into the nitty-gritty: when to involve your attorney, how to respond to demand letters without making things worse, and why having an employee handbook might save your ass even if you never look at it. They also discuss the psychology of disputes and how staying calm and professional can defuse situations that could otherwise cost you thousands.
Plus, they touch on going on offense: when it's worth suing someone (spoiler: almost never) and how AI is starting to level the playing field in legal disputes.
Key Topics:
(00:47) Sagan Command Center: Building Simple Tools That Actually Work
(10:18) Peter’s Game-Changing Browser Extension for Organizing Links
(18:23) Dealing with Legal Disputes as a Business Owner
(31:51) How to Recognize Serious Legal Threats vs. Empty Bluster
(46:51) Demystifying the Economics of Litigation
(57:14) Going on Offense: When to Sue and When to Walk Away
Stay connected for more insights and strategies by following:
Jon: @MatznerJon on X and at lazyleverage.beehiiv.com
Peter: @pslohmann on X and at peterlohmann.com
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