In New Jersey, 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 involved in a business dispute in Teaneck, New Jersey, reviewing any relevant documents, especially contracts, should be the first step. These documents might decide how the dispute will be resolved. If the contracts do not have resolution clauses, or neither business has any recorded documents relevant to the dispute, then the matter might need to be taken to court. New Jersey 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. The laws designed to settle contract disputes are different in each state. Lawyers practicing in Teaneck are versed in the contract law of New Jersey, and can help you to handle the dispute should it go to court. Negotiations might also proceed more smoothly when an attorney is consulted, which may even lead to a resolution outside of court.
Alternative Dispute Resolution
Contracts occasionally have clauses that mandate resolution outside of court. Methods for reaching out of court solutions are often called Alternative Dispute Resolution or ADR. Mediation and Arbitration are included in the concept of ADR. ADR eradicates 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 decision based on local law. An attorney experienced with ADR in Teaneck can counsel you through the process if your business dispute is to be resolved by ADR.