Business disputes are fairly common, often occurring when two parties have a disagreement over the terms of a contract they have both entered into. Business disputes can arise from a number of other situations as well, including property issues and billing disagreements.
While many business disputes are minor and quickly resolved, many others can become costly, contentious, and can impact your day-to-day operations. At the Law Offices of Dan Chern, P.C., our experienced Plano business attorney can help you with nearly any business dispute, regardless of how contentious it has become.
Resolving the Issue Directly
Hiring an attorney shortly after a dispute arises can be hugely beneficial. A knowledgeable business attorney can look at the terms of a contract, and can provide counsel as to how enforceable the terms of a contract are. If language is vague or non-specific, an attorney can help determine how it will most likely be interpreted by a court.
Armed with this information and a legal perspective of your dispute, you can then try to resolve your dispute with the other party. Mediation can be extremely helpful at this point, as a third-party mediator can help facilitate discussion and negotiation to resolve the issue.
If the issue cannot be resolved between the parties themselves, it may be necessary to seek arbitration per the terms of your contract. Arbitration is generally a binding process in which a third party hears the arguments of both sides, and makes a binding decision to resolve the dispute.
Keep in mind, binding arbitration will generally take the place of litigation. If your contract requires you to participate in a binding arbitration process to resolve disputes, then you must adhere to the decision of the arbitrator or face consequences for breach of contract.
As a method to resolve business disputes, litigation should generally be your last resort. This is because litigation can be time-consuming, costly, and is certainly not guaranteed to give you the results you want. However, the reality is that many cases must be taken to court when neither party can reach an agreement. While an attorney is extremely helpful in the earlier steps, legal counsel is necessary if the dispute has reached the point of litigation.
Involved in a Business Dispute? Call (972) 200-3078 Today.
At the Law Offices of Dan Chern, P.C., our Plano business attorney has nearly two decades of experience in business law. Whether you are simply trying interpret the terms of a contract, or are trying to enforce them through litigation, we can provide the knowledgeable counsel needed to obtain the best possible results on your behalf.
Ignoring business disputes can cause serious problems for your company. Call our firm today for experienced counsel.