Should you have a business dispute, you will wish for it to be able to be resolved as rapidly as possible. This is because you will feel it is disrupting the normal running of your firm. There is a wide range of disputes that may occur, with some being able to be resolved easily in-house, and others not so easy to decide.
These types of disputes disrupt the relationship between those who have the most say regarding the Van Etten Sipprelle LLP business law firm in Westlake Village. Therefore, it is often best that the resolution of these types of issues are kept completely confidential, as this prevents the company’s reputation or either of the business partner’s reputations being soiled in the eyes of their employees and the public. Firstly, make reference to your partnership agreement as you may find a solution to it. If this fails, try mediation this is the least invasive form of dispute resolution and will involve a mediator helping both parties to discuss the situation giving everyone fair time to speak. If this fails, arbitration may work for you. If both parties agree, the arbitrator will look at the evidence and offer a legally binding solution to you. Arbitration is completely confidential and generally less expensive than litigation.
For other conflicts such as building disputes and contract disputes, for example, it is advisable to follow the steps of taking action of increasing severity and cost rather than jumping in at the deep end with traditional litigation. Therefore, if you cannot solve your dispute without intervention from a third party, first attempt mediation, then arbitration and finally engage in litigation should you need to. This should hopefully save you time, money and hassle. Arbitration is generally less time consuming than litigation, hence ultimately should turn out to be less expensive. Ensure whoever you instruct to help you resolve your dispute is either a charter arbitrator or a specialist business dispute solicitor