A business dispute is nothing but trouble for all involved. It can damage the way you do business, put unneeded stress on your staff and your stakeholders, reduce your productivity, and can even cause you to go out of business. It’s an inevitable situation that all business owners face.
Before the situation gets too heated and puts your business at risk, it’s best to speak with an experienced business attorney to help you through the dispute. At Fellerman & Ciarimboli, our business dispute lawyers have been assisting businesses throughout Pennsylvania for decades. We are prepared to help you solve the issue discreetly and quickly.
Common Types of Business Disputes
A business dispute can range from partners disagreeing on certain matters to something serious like a breach of contract. But no matter what the disagreement entails, it’s important to end the matter quickly and outside of a courtroom.
The most common types of business disputes include:
Partner Disagreements: Partnerships can be great for the business. But when each partner has a different outlook on how the business should be run or the direction it should be heading, it brings conflict. Misunderstandings and disagreements can quickly turn into legal troubles, especially if one of the partners breaches their fiduciary duty to the business or to the other partners.
Business to Business Issues: When one business believes another’s actions have an adverse effect on it, litigation may be the only option to solve the problem. Such actions can include minor infractions, unfair and deceptive practices in the marketplace, and even a simple misunderstanding.
Breach of Contract: When one party fails to fulfill its duties under the terms of a contract, such as failing to complete a job or to deliver goods, this is considered a breach of contract. If this occurs, the injured party will have a chance to seek monetary damages from the other party.
Alternative Dispute Resolution for Businesses
There are many ways to resolve or even prevent a business dispute from occurring, many of which can occur outside the courtroom. One of the most popular alternatives is Alternative Dispute Resolution (ADR). ADR is a process that allows the disputing parties to meet with a neutral third party and reach an agreement without the need for litigation. It can reduce time and money for all parties involved.