There are many 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 Mount Sterling, Kentucky 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. 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. Kentucky 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 Mount Sterling can help you handle your dispute in accordance with the applicable Kentucky 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. 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 in Alternative Dispute Resolution can help you with your business dispute in Mount Sterling if it is to be resolved out of court.