Sean Saari of Marcum LLP. Courtesy photo
In legal disputes involving valuation issues, antagonism can escalate rapidly, making it challenging for the parties to reach an agreement on value. Yet a strategic opportunity is often missed: employing a jointly retained valuation expert. This underused approach can pivotally shift disputes, especially where emotional entanglement clouds judgment, as in divorce or business ownership conflicts.
A Cost-Efficient Path to Settlement
The benefits of using jointly retained experts are multifaceted, beginning with cost savings. By sharing the expense of one expert, both parties essentially receive a 50% discount on appraisal fees. Moreover, agreeing to use a single valuation expert helps avoid expensive, protracted battles over competing valuations supplied by each party.
