Business disputes in Tennessee often happen in several different areas. Frequently businesses disagree on the exact terms of prior contracts or arrangements. Also, billing issues and property matters can give rise to disagreements in the business setting.
What to Do in a Business Dispute?
The first step when involved in a business dispute in Farragut, Tennessee should be to review any documents relevant to the matter, such as contracts. It may have already been decided in these documents how disputes will be handled. 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. Tennessee courts will look to your particular case and try to discover the best resolution. In determining the outcome, they will use a specific set of legal principles designed for situations where the parties have not agreed beforehand on how to handle a dispute. The fields of contract law and dispute resolution are defined by local state law. Farragut attorneys are accustomed to handling disputes under Tennessee law, and can offer personalized advice for all types of business disputes. With an attorney's knowledge of the law, the parties of a dispute may be able to avoid going to court entirely, since negotiations often proceed more smoothly with representation.
Alternative Dispute Resolution
Many contracts have terms that will determine how a dispute is handled. These are often referred to as Alternative Dispute Resolution or ADR clauses. These methods of resolution include 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, sometimes bringing in a third party to find a solution based on local law. An attorney familiar with ADR in Farragut can counsel you through the process if your business dispute is to be resolved by ADR.