What is the best way to resolve a contract dispute?
Contracts are an everyday part of business and issues are always bubbling to the surface. Learning ways to resolve a contract dispute will save a business time, money, and stress.
There are many reasons why a party may be involved in a contract dispute. Issues of fraud, errors by the other party, legal issues of the contract, duress, and breaches of contract are all reasons why contract disputes arise.
The best way to prevent a contract dispute would have been to hire a knowledgeable and experienced attorney who could have gone through any contract you had with a fine tooth-comb, but even if the contract is already in place, this is not just an option for future contracts. Contract disputes that are going on now need the same resolution. They need a civil litigation attorney.
Ideally, any resolution will be not only be quick and cost-effective, but it will take reputation preservation and business profitability into account.
If a contract dispute directly affects a business's ability to sustain or grow operations and profitability, then immediate action should be taken to negotiate a settlement. Hiring an experienced civil litigator to help mediate and negotiate can be indispensable. An attorney will have your best interests in mind and either fight for what you need, or assist you with resolving the major conflicts that have arisen because of the contract.
Hiring a civil litigation attorney does not necessarily mean that the parties have to battle it out in court. A knowledgeable attorney will offer alternative dispute resolutions (ADR). Staying out of the courtroom may be important for certain businesses that rely heavily on local reputation. It can also shorten the time needed to resolve certain disputes. This means that business owners can get back to running the day-to-day operations of their business.
For more information, send us a message.