When a conflict arises for a small business there are many ways for a company to react. One way is to use alternative dispute resolution. A small business owner knows that time and money are critical so using alternative dispute resolution can help a business owner solve their problem while avoiding court.
There are several benefits for a small business to use alternative dispute resolution. One benefit is that it provides options for a business. It can help a business determine what route to use which may be arbitration or mediation. Another benefit is that it is flexible. It gives a small business owner flexibility as to when meetings will take place. A third benefit is that it is cost and time efficient. Using alternative dispute resolution can cut out court fees and the schedule can move on a quicker timeline. A fourth benefit is that it is usually confidential and that the parties can have greater control in the outcome of the dispute instead of the courts deciding on a winner.
A legal professional who is skilled in business law can help their client through their dispute and will often recommend a type of alternative dispute resolution. Alternative dispute resolution is often highly successful, and an attorney can advise their client on whether it is a good option for them. Mediation or arbitration can be a good option for disputes involving real estate, business and estate administration.
A small business understands that resolving a dispute as quickly and cheaply as possible is of the utmost importance. An attorney who specializes in alternative dispute resolution can offer their client many options for them to use in resolving their dispute.