When business disputes arise, owners and managers must determine the method of resolution that is most likely to produce a compromise between the two disputing parties. Arbitration and mediation are two alternative dispute resolution (ADR) strategies that are designed to resolve conflict outside of the court system. Read below to learn more about the difference between arbitration and mediation and the advantages of each. For businesses interested in alternative dispute resolution, you can rely on Dallas commercial business litigation attorney, David Ritter, to guide your business through this complex process and find the best outcome.
Nearly 90% of all U.S. companies are involved in litigation at any given time, and cases related to contract disputes are the most active areas of litigation. The frequency of contract dispute litigation is partially due to the prevalence of generic contracts that leave businesses vulnerable to conflict with employees or partners. If you are a business owner, read below to learn why a Texas business lawyer should review your contracts to better protect your business.
As a business lawyer, I receive this question from time to time:
“I started a small business and sold investments in it to my friends or family. Now some of them want their investment back, but we are using the money for the business, and we are still building it up. They say if they don’t get the money back they will sue. I am in charge of the company and I am the only one who can run it. What do I do?”