Are you thinking of hiring a business attorney? Not sure how an attorney can help you? Without a doubt, disputes can be time-consuming, complicated, and hard to resolve, no matter how small the dispute is. Everyone knows that contract disputes are an unavoidable and inevitable cost of running a business.
A contract dispute occurs when both or one party disagrees with the terms and conditions of a contract. If the agreement is not mutual, it can be challenged in court. Mostly, a contract dispute occurs when a party breaches the contract.
When a breach of contract occurs, both the parties or one party can sue for damages or can get terms legally enforced. Not everyone wants to get dragged into court as it will waste your precious time and effort. However, there are other ways to settle a contract dispute. It can be resolved through mediation or binding arbitration. This is where you will need a business attorney.
A business attorney is a professional who can help you resolve a dispute quickly. They will use different methods and techniques for resolving disputes in your favor like arbitration, litigation, or mediation.
Still not convinced how a business attorney can help you resolve a contract? In this post, we have discussed this in detail. Have a look!
Types of Contract Disputes
Employers and employees are, usually, at odds when it comes to expectations of employment. In some cases, the contract dispute can occur between two businesses that have joined in a partnership. Irrespective of the parties involved in a dispute, it must be resolved quickly because it depletes the resources, time, and finance of the business.
There are different types of contract disputes. Some of the common types of contract dispute are:
- Breach of contract
- Offer and acceptance
- Errors in the contract
- Contract drafting and review
- Coercion or fraud
Method of Resolving a Contract Dispute
Everyone knows that a dispute that is not resolved quickly will only lead to more problems. With the passage of time, it will only get worse and expensive. This is why you should try to resolve the dispute as soon as possible and in a way that is acceptable to both parties.
The most common resolution methods are:
- Prevention- the best method to resolve the conflict is through prevention. No doubt, it is the most difficult method to use. You can prevent all disputes by making sure your business contracts are in accordance with the legal requirements. In case you don’t know how to create contracts, an attorney will come in handy.
- Negotiation- if prevention doesn’t work, you must try to resolve the dispute through negotiations. This is will enable the parties to come up with a solution together.
- Litigation- this might be the right option when a compromise with the challenging part will jeopardize your business. You will be asking the judge to review the situation, hear to both sides, and then make a decision.
Reasons to Hire Attorney for Resolving Contract Dispute
Disputes can arise in the business world since they are unavoidable. The dispute can arise between, shareholders, partners, or even employees. The business should focus on resolving the disputes for the sake of all parties. If the dispute lingers on, it will create uncertainty and confusion. This will have a direct impact on the operations of the business their ability to thrive and grow.
To make sure the dispute is resolved in your favor, you will need a business attorney. We have mentioned how a business attorney can be beneficial.
Choosing the Best Approach
A good business attorney will help business owners understand the difference between different dispute resolutions. There are three approaches: mediation, arbitration, and litigation.
Mediation is a confidential and informal way to resolve the dispute with the help of a neutral mediator. A mediator can help in enabling people to discuss their differences. The mediator will not make decisions, they will only facilitate negotiations.
Another approach is arbitration. The arbitrator or judge will hear the arguments and evidence before making a decision that will be binding.
An attorney is capable of explaining the difference between these approaches. Once the owners know the difference between the approaches, they can help the business owners make an informed decision and choose the right approach. So, the dispute will be resolved quickly.
Explain How Law Will Treat the Dispute
The first thing the business attorney will do is explain the rights of the owners and inform them ho this dispute will be seen in the law. Many of the contract disputes occur because the parties involved don’t know how to interpret a contract.
The business attorney has complete knowledge of the law and knows how to interpret the law. The attorney will even review the source of disagreement, legal statues, and precedent that are applicable, and the contracts. This is to have a better understanding of the dispute and determine the best resolution method.
Drafting a New Contract or Review Existing One
A business attorney will be able to help businesses create contracts. They have comprehensive knowledge and experience to help business owners draft a contract from scratch. In addition, an attorney will also review their existing contracts and make changes where needed.
Protect the Interests of Business Owners
One of the best reasons to hire a business attorney is that they will be able to protect the interests of business owners. Since the dispute can become worse, the attorney will make sure it doesn’t escalate into a bigger problem. When the owners hire an attorney, they will be showing how serious they are. This is more than enough to show the other party of the dispute to back down. If they are unreasonable or unfair, they might even stop it.
If you are looking for an Orange County CA Business Attorney, no need to look further. We, at (mention the name of your firm), have been helping businesses resolve their disputes. We have a team of trained and qualified attorneys who will focus on doing what is best for your business. We offer custom-tailored services for all our clients, so your problem will be resolved in cost-effective manner. For more information, feel free to get in touch.