In Colorado, there are various 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?
The first step when involved in a business dispute in Colorado Springs, Colorado should be to review any documents relevant to the matter, such as contracts. It might have already been determined in these documents how disputes will be handled. If there are no dispute resolution clauses in the contracts, or there are no attending documents at all, the parties might always resort to the courts to resolve the dispute. Colorado courts will look to your specific 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. There are laws specific to each state that govern how to approach dispute resolution. Lawyers practicing in Colorado Springs are best suited to offer advice in accordance with Colorado law. Resolution of the dispute might even be reached outside of court once an attorney's knowledge of the law smoothens negotiations between the two parties.
Alternative Dispute Resolution
Disagreements in contracts must often be resolved outside of court according to a dispute resolution clause. Methods of resolving a conflict outside of court are called Alternative Dispute Resolution or ADR. These methods include Mediation, Arbitration and Collaboration. ADR is designed to reach the same conclusion as a court, but without the cost and inconvenience of actually appearing before a judge. Nevertheless, each form of ADR carries its own set of protocol, often involving a neutral third party that resolves the conflict according to the law. An attorney experienced in Alternative Dispute Resolution can help you with your business dispute in Colorado Springs if it is to be resolved out of court.