| siness, collaboration is needed, arrangements are | | | | disputes outside the court, wherein the parties in |
| made and agreements are created, but there are | | | | a dispute refers it to one or more persons, called |
| cases when businesses fail to honor their end of | | | | “arbitrators.” The arbitrator/s listen |
| the deal. Businesses may also disagree over the | | | | to both parties problems and arguments, then |
| terms of a contract they have entered into. | | | | decides on a resolution for the disputing parties. |
| These are called business disputes. They arise in | | | | The decision of the arbitrator must be adhered to |
| the following instances: | | | | by the parties. This is called as the “binding |
| • Breach of Contract – takes place | | | | arbitration”, and is considered final. |
| when a party involved in a contractual agreement | | | | Mediation is another form of alternative dispute |
| fails to uphold his or her contractual obligations | | | | resolution (ADR), who aims to assist two or more |
| • “Tortious” Interference | | | | disputing parties into reaching an agreement. The |
| with a Contract or Contract Disputes – | | | | arguing party themselves, and not the third party |
| when a party deliberately restrains another | | | | (mediators), will be the ones to determine if they |
| party’s ability to uphold his or her end of | | | | have come to an agreement or not. This, on the |
| the contract | | | | other hand, is referred to as “non-binding |
| • Failure to pay for goods and services | | | | arbitration.” |
| – when a party fails to pay the products | | | | If your contract does not contain any clause of |
| and services provided by another party | | | | resolution, then the best option to resolve a |
| • Insurance claims and disputes – | | | | dispute is to hire a business lawyer. A lawyer may |
| when an insurance company fails to pay or | | | | act on behalf of a party, and talk to the other |
| compensate for the losses of a business entity | | | | party to figure out a resolution. If no resolution |
| • Executive employment contracts | | | | can be settled, then the dispute may lead into |
| – disputes regarding executive | | | | business litigation. |
| employment contracts | | | | The purpose of business litigation is to prepare |
| • Partnership disputes – a dispute | | | | and present lawsuits to the court with the |
| between two partners within a business entity | | | | intention of determining the legality of a business |
| • Intellectual property disputes including | | | | matter or dispute of a situation. |
| copyright, trademark and patent litigation | | | | When a person gets involved in a business dispute |
| If you enter into an agreement or contract with | | | | because another party refused or failed to honor |
| another company or business, it is vital to review | | | | the agreement with them, then a business dispute |
| the contract first, and study the terms and | | | | lawyer can help them make the necessary legal |
| condition stated therein, prior to signing the | | | | actions to bring their cases in court. |
| papers. The contract may include clauses that | | | | A business dispute lawyer does not necessarily |
| dictate how you should resolve a dispute. It may | | | | have to be expert in Business Law. Trial lawyers |
| also indicate if your contract calls for an arbitration | | | | who are experienced and knowledgeable in |
| or mediation. | | | | litigation can also provide the legal assistance they |
| Arbitration is a legal technique for the resolution of | | | | need. |