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 Wellington, 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. In trying to discover the best resolution for two parties who have not agreed beforehand on a resolution, Colorado courts will use specific legal principles designed for the situation. Each state has different business laws about dispute resolution and contract law. An lawyer practicing in Wellington can help you handle your dispute in accordance with the applicable Colorado 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 occasionally have clauses that mandate resolution outside of court. Methods for reaching out of court solutions are often called Alternative Dispute Resolution or ADR. Mediation and Arbitration are included in the concept of ADR. All types of ADR are designed to reach the same decision a court would have, without needing to actually go to court. They carry their own sets of procedures and protocols, and they often involve a neutral third party listening to both sides of a dispute and making a decision based on local law. An attorney experienced with ADR in Wellington can counsel you through the process if your business dispute is to be resolved by ADR.