In North Carolina, 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 Elkin, North Carolina 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. If there are no dispute resolution clauses in the contracts, or there are no attending documents at all, the parties may 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, North Carolina courts will use particular legal principles designed for the situation. There are laws specific to each state that govern how to approach dispute resolution. Attorneys practicing in Elkin are best suited to offer advice in accordance with North Carolina law. 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
Contracts often have clauses 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. 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. If your business dispute is to be resolved by ADR, an attorney familiar with these methods in Elkin can counsel you throughout the process and develop the case you will present.