In New Mexico, 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 Santa Fe, New Mexico, reviewing any relevant documents, especially contracts, should be the first step. These documents might decide how the dispute will be resolved. Not all contracts have dispute resolution clauses, of course, and occasionally neither business has any documents relevant to the dispute at all. If that is the case, a court might be needed to resolve the dispute. New Mexico courts may use legal principles to determine the outcome when the parties have not agreed beforehand about how to handle a dispute. In so doing, they look carefully to a specific case to discover the best resolution for all involved. Each state has different business laws about dispute resolution and contract law. An lawyer practicing in Santa Fe can help you handle your dispute in accordance with the applicable New Mexico laws. 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 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 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 in Alternative Dispute Resolution can help you with your business dispute in Santa Fe if it is to be resolved out of court.