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Disputes Resolution

Dispute resolution is the process of resolving disputes between partners or directors, landlords, customers or suppliers and the authorities. This term is also used to refer to alternative dispute resolution (ADR) which cover the extrajudicial processes used to resolve conflict and potential conflict between individuals and business entities. This allows greater flexibility and speedy resolution of disputes and removes the ordeal of trawling through the courts although law firms specialised in this field can still use this route if need be.

Sometimes commercial disputes are unavoidable and they can result in the destruction of a business and relationships. But with the help of solicitors specialised in the field of dispute resolution, conflicts can be managed and resolved. Proactive dispute resolution techniques can deliver the desired commercial result.

Whatever field the business is involved in, from industry or insurance to media or property, it is advisable to get advice from a law firm quickly before positions become untenable and commercial relationships break down. Expert lawyers can resolve disputes quickly and economically, securing the best possible outcome for the clients. There are several key techniques to how that is done.

Negotiation or re-negotiation of commercial contracts could be the first or the last step but either way this procedure can be successful. Another way of resolving disputes is through mediation which is where a neutral third party is appointed to assist the parties involved.

 

Disputes Resolution

The mediators will seek details of the dispute, including any evidence and will be ask both parties to sign a mediation agreement giving a framework for the settlement. Not only is this process legally binding but it is confidential, consensual, quick, relatively cheap, and more importantly helps preserve relationships.

Arbitration is an alternative form of dispute resolution and is useful for its confidentiality, flexibility and speed. The parties involved in a dispute usually agree to accept the decision of the arbitrator as legally binding – which will be based on the written evidence presented by the subjects involved. Adjudication is an example of another streamlined process which leads to an enforceable decision made by an expert in dispute resolution.