In North Carolina, business disputes commonly occur over a variety of different matters. Most often, businesses can disagree on the clauses 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 Elon, North Carolina you should first review all relevant documents, including past and current contracts. These documents might 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 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, North Carolina courts will use specific legal principles designed for the situation. There are laws specific to each state that govern how to approach dispute resolution. Lawyers practicing in Elon 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 might even enable you to resolve the dispute without going to court.
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. ADR focuses on reaching the same resolution that a court would have, without the parties actually going to court. Methods of ADR often involve their own protocols, occasionally bringing in a third party to find a solution based on local law. In Elon, lawyers practiced in ADR can help if your business dispute is to be resolved out of court.