Amazing business opportunity or scam?

#Amazing #business #opportunity #scam

During a recent business discussion, I encountered a person pitching an unconventional “out of the box” business concept.

No doubt the pitch was so compelling that for a moment even I allowed myself to get swayed by it.

Despite the allure, I pushed myself to inquire about their Plan B when things go south. I was expecting, they would discuss the recourse mechanism that have thought to be of utmost benefit for everyone involved.

Their response was a big red flat for me. The person said “we do not need to worry about any situation wherein we may have to approach the court of law, police, judges etc. we operate on trust! We deal with it ourselves”

This is the exact moment I knew the business was a SCAM!

Drawing from my 10 years of experience, I’ve learned to temper optimism with a healthy dose of skepticism, particularly when trust is the sole foundation of a business.

A solid resolution plan, involving
* mechanism of resolution
– distribution of assets
– ⁠place of Dispute resolution
– settlement plan
– ⁠pre-litigation procedure etc;

Can help business reinforce a sense of credibility and reliability.

#law #lawyer #businesslaw #dipute #businessdipute #commercialdispute #commercial #forgery #scam #scambusinesses #arbitration #litigation #disputeresolution

I am a Delhi based lawyer.

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