Suggestions
- Step 1) If you are involved in a reputable business, you will have disputes over your business contracts. The first step in settling business contract disputes is PREVENTIVE--make sure that all your contracts are in writing, dated, signed by you and your client, and tightly bound. Make sure a well-qualified attorney draws up your business contracts. Believe me--a well-qualified lawyer writing your business contracts will save you from litigation in the long run!
- Step 2) The second step in resolving business contract disputes is COMPROMISE. If there is a material dispute between you and your customer--and both of you understand each other's position--try to compromise. The compromise usually means meeting somewhere in the middle in terms of cost and liability. Good place to settle diputes like these are in MEDIATION.
- Step 3) The third step in settling business contract disputes is hiring a competent attorney who is qualified in contracts and small business litigation. The attorney should have written the contract disputed over; hence, a mediation or arbitration provision should be somewhere within the document. MEDIATION and ARBITRATION will be the next phase in the contract dispute.
- Step 4) If mediation or arbitration does not resolve your business contract dispute, the next step would be to FILE A LAW SUIT to seek either specific performance of the contract or damages. I hope this has been a helpful guide on how to resolve business contract disputes. Good luck!
Tip
- Don't underestimate the importance of a well-qualified attorney--use one if possible!
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