In Arkansas, there are several different grounds that can lead to a business dispute. Often, prior agreements and contracts have terms that the businesses disagree upon. Disputes can also occur over property matters, billing issues or other disagreements.
What to Do in a Business Dispute?
In a business dispute in Fayetteville, Arkansas, the parties should first go over any relevant documents, especially contracts. There might be terms in these documents that decide how to handle the dispute. However, the dispute might need to be taken to court if contracts do not have resolution clauses, or if there are no documents relevant to the dispute. Arkansas courts look to the individual cases in determining the best resolution. Where two parties have not agreed beforehand on how to handle a dispute, a specific set of legal principles is used instead. Each state has different business laws about dispute resolution and contract law. An lawyer practicing in Fayetteville can help you handle your dispute in accordance with the applicable Arkansas laws. With an attorney's knowledge of the law, the parties of a dispute might be able to avoid going to court entirely, since negotiations often proceed more smoothly with representation.
Alternative Dispute Resolution
Contracts often have terms requiring that a dispute be handled outside of court. This is called Alternative Dispute Resolution or ADR, and it includes Mediation and Arbitration among others. ADR makes going to court unnecessary, because it is designed to reach the same result that a court would have. Still, some methods of ADR entail their own formal procedures, most enlisting a third party to determine a dispute based on local law just as a judge would do. If your business dispute is to be resolved by ADR, an attorney experienced with these methods in Fayetteville can counsel you throughout the process and develop the case you will present.