As a lawyer that deals with breaches of contract, clients usually come to me when the contract has already been breached.
However, a lot of the time there was a contract dispute and neither side was able to come to some kind of agreement.
In fact, contract disputes can quickly become contentious.
Especially when both sides do not want to concede any ground, negotiations can break down and interfere with the day-to-day operation of your business.
Often, it is a good idea to employ an attorney before litigation becomes necessary. There are many different methods for resolving a contract dispute.
The main methods are:
· Negotiation-I recommend having both sides represented by attorneys who can effectively negotiate and broker a solution to the dispute.
- Mediation-This is where the attorneys and clients meet with a mediator. Both sides present their case to the mediator and (s)he helps the sides come to a resolution. However, mediation is not binding. This means that a resolution does not have to occur, and a mediator cannot make the sides come to a resolution.
- Arbitration-This is similar to arbitration except the arbiter will come to a resolution that (s)he thinks is best. This can be appealed, or litigation can be brought to stay or enforce the arbitration.
Remember that the goal is to come to a resolution with the other side and hopefully continue doing business together and make each other lots of money.
Thank you for reading, my business is to protect your business!
Watch the video above to learn more.