Business disputes in Tennessee often happen in many 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 Lafayette, Tennessee should be to review any documents relevant to the matter, such as contracts. It might have already been determined in these documents how disputes will be handled. 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. In trying to discover the best resolution for two parties who have not agreed beforehand on a resolution, Tennessee courts will use specific legal principles designed for the situation. Each state has different business laws about dispute resolution and contract law. An lawyer practicing in Lafayette can help you handle your dispute in accordance with the applicable Tennessee laws. Resolution of the dispute might even be reached outside of court once an attorney's knowledge of the law smoothens negotiations between the two parties.
Alternative Dispute Resolution
Sometimes contracts themselves require that disputes under them be resolved outside of court. Methods of conflict resolution of this form are called Alternative Dispute Resolution or ADR. ADR includes Mediation, Arbitration and sometimes a combination of the two. All types of ADR are designed to reach the same decision a court would have, without needing to actually go to court. They carry their own sets of procedures and protocols, and they often involve a neutral third party listening to both sides of a dispute and making a decision based on local law. An attorney experienced with ADR in Lafayette can counsel you through the process if your business dispute is to be resolved by ADR.