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Dispute Resolution
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A dispute resolution clause is typically a written agreement between you and the other party. It specifies what should happen in the event of a disagreement that may arise in the future.
The clause may lay out what the process is should a dispute arise, such as mediation, arbitration or perhaps litigation. A dispute resolution clause is typically a written agreement between you and the other party. It specifies what should happen in the event of a disagreement that may arise in the future.
Businesses might want to use a dispute resolution process because of factors relating to cost. In particular, mediation, which is much less expensive than other legal processes. They can also be much quicker as the parties do not need to get involved in lengthy and time-consuming court proceedings.
Some methods of dispute resolution that are available are adjudicative processes and consensual processes.
Adjudication, Consensual,
For further information about LawBite and dispute resolution, please visit our dispute service page. You can also read through our business dispute blogs, and download your free Dispute Settlement Agreement template to learn more
At LawBite, our lawyers can provide excellent legal advice for dispute resolution. We will connect you to top-flight lawyers on our platform who can give expert advice regarding how you can go about resolving your dispute through mediation, arbitration, or litigation, among other forms of ADR. Nothing in this article constitutes legal advice on which you should rely. The article is provided for general information purposes only. Professional legal advice should always be sought before taking any action relating to or relying on the content of this article.