If you are in business, at some point you are bound to become involved in a dispute. Whether you are a small or large business, you need to be ready to deal with the inevitable frictions and disputes that arise out of your everyday transaction. When things become difficult and you are unable to resolve issues on your own, your best bet is to seek the advice and representation of a skilled Atlanta business attorney.
Small businesses in particular need to avoid becoming tied up in hostile commercial dealings that take the time of an owner and can rob you of your reputation. Do not risk losing your business. Contact an attorney with the experience, intelligence, and resolve to represent you should it become necessary to take your matter to trial.
Arbitration is a form of alternative dispute resolution that differs from both litigation and mediation. However, in certain ways arbitration is similar to both.
Arbitration employs impartial and knowledgeable arbitrators to settle a dispute outside of the court system. It is more private than litigation which goes to court and is public, and serves as an excellent forum for business dispute resolution.
In certain contracts such as in client brokerage agreements, arbitration may be required and it is often used to settle securities disputes between investors and stockbrokers. This approach provides quick and confidential business dispute judgment. An arbitration award is usually final and is difficult to appeal.
The most common types of mediated business disputes include the following:
Negotiation of partnership contracts
Negotiation of facts of business formations
General conflict resolution
Mediation does not require both parties to hire representation and the process typically allows a business relationship to continue after the process is finalized.
There are several solutions available to resolve business disputes. An attorney experienced in business law can evaluate your situation and explain the route that should be best for your business. Whether it is mediation, arbitration, or litigation, an Atlanta business law firm of can see you through the process.