Cost Analysis
/ˈkɒst əˈnæləsɪs/
Definitions
- (n.) The systematic examination and evaluation of the costs related to a legal case, transaction, or business decision to ensure efficiency and compliance.
The attorney conducted a thorough cost analysis before proceeding with the litigation.
Forms
- cost analysis
- cost analyses
Related terms
See also
Commentary
Cost analysis in legal contexts often assists in determining the financial viability of pursuing litigation or contractual arrangements, helping counsel advise clients effectively.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.