AFM231 Lecture 4: Lec 4_AFM231_Jan 16
17 Jan 2018
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Litigation: based on the type of legal relationship, sold a product that someone reacted negatively, streamline litigation process go to claim costs for. Trial costs: average two day civil trial in ontario: ,000, average two day civil trial in ontario: ,000, average two day civil trial in ontario: ,000. Lawyer fees: 1 year lawyer: /hour, 10 year lawyer: /hour, 20 year lawyer /hour, can hire a contingency lawyer (fee only if case is won) or a lawyer with equity positions (for startups) Civil litigation: standard of proof is the balance of probabilities. Criminal litigation: standard of proof is beyond a reasonable doubt. 5: post trial: successful claim = debt owed, legal mechanisms are in place to help the successful party to get the payment of judgement.
