3 Ways to Resolve a Business Dispute Without Going Bankrupt

If you are a small business owner, the prospect of going to court over a breach of contract, employee dispute, or other legal quarrel may seem daunting. The reality is that, even if the other party has wronged your business and is directly responsible for damages and financial losses, a court battle can create hefty costs to you and your business, both in terms of money and time spent engaging in a lawsuit.

However, small business owners need not fear taking defensive action if another business fails to uphold their end of a deal or if a consumer or employee creates a legal conflict. A drawn-out court case is not the only means of recourse when business disputes arise. Our legal team at MR Civil Justice is trained in mediation, arbitration, and settlements, and we know just what it takes to resolve complex problems out of court. When you come to us with a business dispute, we will do everything we can to fix it without ever stepping foot in a courtroom, starting with any of these tried-and-true, cost-effective methods:

Mediation

Mediation can be a terrific option for parties who may wish to continue a business relationship thereafter. This method allows opposing parties (and their respective legal counsel) to come together and have equal voice in creating a resolution that benefits both of you as much as possible. Mediation also allows opposing parties to hash out the details of their business relationship, including expectations and responsibilities, which can prove valuable if another dispute arises later on.

Mediation is much more cost-effective and simple than duking it with your opponent out in court. However, mediation efforts can sometimes fall through, at which point it may prove valuable to you and your business that your mediator is also qualified to take your case to court, if the need arises. At MR Civil Justice, we are prepared to serve as your mediator, your business litigation attorney, or both, depending on your needs and the needs of your business.

Arbitration

Arbitration is another out-of-court dispute resolution method that provides a cost-effective path to justice. It is more formal than mediation and, if both parties agree to try arbitration, the decisions reached by the appointed arbitrator(s) are binding. Arriving at an arbitration hearing is in some ways more complex than mediation because the parties are required to select arbitrators, agree on a location, decide who is responsible for compensating the lawyers involved, and so on.

Settlements

Sometimes business disputes can be resolved between both parties’ attorneys, before a court case or any form of alternative dispute resolution becomes necessary. If you hire the right business litigation attorney, you may be able to resolve your business dispute in a matter of days or weeks, depending on the complexity of the issue, the nature of the conflict, and both sides’ willingness to cooperate.

Contact a Business Litigation Lawyer in Dallas to Get Immediate Help

At MR Civil Justice, our goal is to get you and your business the best settlement possible without racking up massive court costs and legal fees. We count it a success when we are able to get you a desirable outcome at minimum cost and allow you to return to running your business. No matter what sort of business dispute you are currently involved in, we are prepared to use our knowledge and experience to serve you to the best of our ability. Get in touch with us immediately to schedule your complimentary consultation.

Call (214) 307-8387 to speak to a member of our team today.