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The desire to limit litigation costs, the duration of legal proceedings, and the divergence of differing valuation opinions has lead to the increased use of jointly-retained, or neutral valuation experts. This position represents both opportunity for the appointed expert and peril as they try to work with both parties and the courts to deliver a sound conclusion of value. In part three of BVR's Advanced Webinar Series on Reporting & Testimony appraisal experts William Morrison and John Johnson discuss the professional, procedural, and personal challenges posed by acting as a jointly appointed expert.
Program Agenda
Introduction
Opportunities
Pitfalls
Engagement considerations
Jointly retained expert
Engagement letter
Limitation of liability
Procedural considerations
Report issues
Expert testimony
The double cross
Opposing the neutral
Conclusion
Learning Objectives
Learn the benefits and detractions of operating as a jointly retained expert
Learn the best practices for working as an jointly retained expert witness
Learn which privileges are afforded expert witnesses and how their position can increase scrutiny
learn how counsel and the court could treat you as a neutral expert
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