When you face a business dispute, deciding the best way to resolve it—through court, arbitration or mediation—depends on various practical factors.
What key considerations should you have to protect your business?
Nature and complexity of the dispute
The circumstances surrounding the dispute can help you determine the most suitable resolution method. This includes reviewing the legal and technical complexities of the disagreement. For instance, mediation may be ideal for simpler conflicts, while more complex issues might require arbitration or litigation.
Confidentiality of the matter
Some businesses may prefer to keep the details of a dispute confidential. If you want to keep the matter as private as possible, arbitration and mediation might be more suitable than public court proceedings in litigation.
Resources available
Any business must consider the costs and time each resolution method requires and choose the one that best accommodates available resources. You should consider the financial implications of each method to find a balance between the cost and the potential benefit. The same goes with time. Time-sensitive matters might need swifter resolution methods to avoid prolonged business disruptions.
Other considerations
Various factors can affect your decision when resolving business disputes. From your relationship with the other party to the outcome of your company’s already existing litigation risk analysis, you’ll need to consider each one to find the best method to address your situation.
In this case, seeking the guidance of a legal counsel experienced in commercial litigation and dispute resolution is highly advisable to ensure you are making informed decisions. Our attorneys at Zarco Einhorn Salkowski, P.A. understand this necessity and stand ready to provide you with the legal support you need. We offer free consultations to discuss your commercial dispute needs.
