In Missouri, business disputes commonly occur over a variety of different matters. Most often, businesses can disagree on the terms of contracts and prior arrangements. Property matters and billing issues also frequently form the basis of disputes between businesses.
What to Do in a Business Dispute?
If you are involved in a business dispute in Lexington, Missouri you should first review any relevant documents, including past and current contracts. These documents may contain clauses that dictate how and where you should handle a dispute. Not all contracts have dispute resolution clauses, of course, and sometimes neither business has any documents relevant to the dispute at all. If that is the case, a court may be needed to resolve the dispute. In trying to discover the best resolution for two parties who have not agreed beforehand on a resolution, Missouri courts will use particular legal principles designed for the situation. Each state has different business laws about dispute resolution and contract law. An attorney practicing in Lexington can help you handle your dispute in accordance with the applicable Missouri laws. 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.
Alternative Dispute Resolution
Disputes 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 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. An attorney specialized in Alternative Dispute Resolution can help you with your business dispute in Lexington if it is to be resolved out of court.