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Understand what litigation means

This is a short series of videos on commercial litigation which is also known as business litigation, and what is the typical causes of action and understanding the terms.  What does litigation mean? 

Litigation

Litigation is typically a lawsuit that can sometimes mean arbitration or other procedure in which two parties have a dispute and they take it to some sort of entity whether it be a court or an arbitrator to try and workout the dispute. That’s what litigation is.