3 Methods of Resolving Business Contract Disputes

As a business owner in Massachusetts, your business will no doubt inevitably find itself in a contract dispute with another party at some point over the course of the business’ life. To be sure, businesses must form contracts with various parties in order to successfully conduct operations, including employees, contractors, vendors, and other businesses; internal contracts between partners and shareholders typically exist, too.

When a business dispute exists, the repercussions of that dispute can be significant, leading to loss of profits or customers, wasted resources, and a tarnished reputation. At the office of Deborah Gold-Alexander Attorney at Law, our experienced business contract disputes lawyer can represent your business’ best interests and advocate for an outcome that meets your goals. Consider these three primary methods of resolving business contract disputes and how our law firm can help–

  1. Mediation

When a contract dispute exists, our lawyer will always recommend mediation as the first option for resolving the contract dispute. Mediation refers to private sessions that are facilitated by a professional third party, called a mediator. The role of the mediator is to help parties reach a resolution; the mediator does not take sides or make a decision.

The benefits of mediation are numerous, including privacy, ability to voluntarily accept or reject a settlement, and saved costs and time. Because parties have control over the outcome of mediation, there is often a sense of “win-win” following a mediation, with both parties in the dispute walking away happy.

  1. Arbitration

In the event that mediation is unsuccessful, arbitration may be the next best thing. This, too, is a private process; however, the biggest difference between arbitration and mediation is that the arbitrator has the power to issue a decision, much like a judge would in a trial. If the arbitration is binding (which parties will decide before arbitration begins), then the decision issued by the arbitrator is final, and can be enforced by a court.

During an arbitration, our lawyer can represent you by gathering evidence to support your side and presenting your case. We will also prepare you for the arbitration.

  1. Litigation

While litigation can be effective, our law firm considers it a last-resort option that should only be pursued should mediation and arbitration (and other negotiations) fail. This is because litigation is not only expensive and time-consuming, but also a public process that invades your privacy. Should litigation be the best method for resolving your business dispute, our law firm will aggressively represent you in the process. Deborah Gold-Alexander Attorney at Law has litigation experience, as well as a history of case success.

Call Our Business Contract Disputes Attorney to Learn More

If your business is facing a contract dispute, our law firm can help. Deborah Gold-Alexander has over 30 years’ experience protecting business’ best interests, reputations, and bottom lines. Please reach Deborah Gold-Alexander directly today for a consultation and to learn more about our services and dispute resolution techniques for businesses big and small in Massachusetts.