There are various grounds that can lead to business disputes in Kentucky. Business may disagree about the terms of contracts and prior arrangements. Billing issues, property matters and other grounds can also give rise to disputes between businesses.
What to Do in a Business Dispute?
The first step when involved in a business dispute in Louisville, Kentucky should be to review any documents relevant to the matter, such as contracts. It may have already been decided in these documents how disputes will be handled. However, the dispute may need to be taken to court if contracts do not have resolution clauses, or if there are no documents relevant to the dispute. Where the parties have not agreed beforehand about how to handle disputes, legal principles have been designed to determine the resolution. When they are called upon, Kentucky courts try to discover the best resolution by looking to the facts of the particular situation presented. The fields of contract law and dispute resolution are defined by local state law. Louisville Attorneys are accustomed to handling disputes under Kentucky law, and can offer personalized advice for all types of business disputes. An attorney's knowledge of the law may also lead to a more streamlined discussion with the other business about how to resolve the dispute. Negotiations may even enable you to resolve the dispute without going to court.
Alternative Dispute Resolution
Sometimes contracts themselves require that disputes under them be resolved outside of court. Methods of conflict resolution of this type are called Alternative Dispute Resolution or ADR. ADR includes Mediation, Arbitration and sometimes a combination of the two. 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 decide a dispute based on local law just as a judge would do. An attorney familiar with ADR in Louisville can counsel you through the process if your business dispute is to be resolved by ADR.