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Are there alternatives to going to court to resolve business disputes?
There are several alternatives to going to court. The most common sense way is to either directly try to resolve it with the other party, or have the party’s attorneys discuss it with each other. Other means of resolution are mediation, that’s a very common method, and also, arbitration. Both are alternatives that have some favorable aspects, as opposed to going to court. Mediation involves voluntarily discussing the dispute with a neutral third party, and whatever they agree upon is mutually agreeable. Arbitration is the party’s hire a third party, another lawyer, and the lawyer will decide the case in sitting as a private judge. The parties will split the expense of this private judge deciding the case. …