How Do Business Disputes Arise in Arkansas?
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 Texarkana, Arkansas, the parties should first go over any relevant documents, especially contracts. There may be terms in these documents that determine how to handle the dispute. If there are no dispute resolution clauses in the contracts, or there are no attending documents at all, the parties may always resort to the courts to resolve the dispute. Arkansas courts will look to your particular case and try to discover the best resolution. In determining the outcome, they will use a specific set of legal principles designed for situations where the parties have not agreed beforehand on how to handle a dispute. Disputes over contracts and other agreements are handled differently depending on the laws of each state. Attorneys in Texarkana know the laws of Arkansas, and can offer individualized advice for those involved in business disputes. Resolution of the dispute may even be reached outside of court once an attorney's knowledge of the law smoothens negotiations between the two parties.
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Alternative Dispute Resolution
Many contracts have terms that will determine how a dispute is handled. These are often referred to as Alternative Dispute Resolution or ADR clauses. These methods of resolution include Mediation and Arbitration, among others. ADR eliminates the need to go to court, while attempting to reach the same resolution that a court would have. Different types of ADR involve their own procedures, however, and they often include a neutral third party making a determination based on local law. If ADR is to be used in resolving your dispute, an attorney in Texarkana familiar with ADR procedures can help you develop your case.