Considering Alternative Solutions To A Contract Dispute
On behalf of The Law Office of Lynnette Ariathurai, A Professional Corporation posted in Contract Disputes on Thursday, July 28, 2016.
Contracts are enforceable by law when all signature parties have validly entered into agreements. When a contract dispute arises, it can cause significant delays in business plans, as well as obstacles to increasing profits. Many California business owners explore alternative means of resolutions when the parties are having difficulty achieving an agreeable solution to a problem.
Many times, those involved in a contract dispute find it necessary to enlist the help of a neutral third party in order to obtain an amicable solution to the problem. Alternative Dispute Resolution (ADR) often includes impartial mediators who have been mutually chosen by those engaged in a dispute. Many believe that arbitration helps speed up the negotiation process, particularly since arbitrated decisions are not typically subject to appeal.
Mediation is another rapidly growing technique where ADR is concerned. A mediator is often a skilled negotiator whose job it is to lead disputing parties toward a voluntary, mutual agreement. Compromise is often a key factor in this type of conflict resolution process. Each party is asked to consider the best interests of the other and to try to identify mutual points of agreement so as to build solutions on common ground.
Other situations lead to formal litigation in court. In such circumstances, it is advisable to act alongside aggressive and experienced business and commercial law counsel in order to protect bottom line interests and pursue a fair and amicable solution. Regardless of what has led to a California contract dispute, or how many parties are involved, seeking guidance from a seasoned business lawyer is often crucial toward obtaining a swift and agreeable settlement.
Source: adr.findlaw.com, "Alternative Dispute Resolution (ADR): Overview", Accessed on July 27, 2016