No One

In: Business and Management

Submitted By Garba07
Words 283
Pages 2
ADR
Bernardo Garza
University of Phoenix

A business conflict can occur in many ways. Generally, a business conflict occurs between businesses when they disagree over the terms of a contract in which they entered. A business conflict can also occur on billing issues, property disputes or other disagreements. If you have a contract with another business, you must first review the contract. The contract may contain clauses that dictate how you should handle conflict. For example, your contract may include provisions for arbitration or mediation. Arbitration is a process to resolve a conflict between two parties outside the court system. Generally, arbitration occurs when two disputing parties sit down with a third part neutral arbitrator. The arbitrator listens to problems and arguments of the disputing parties. Then the referee decides a resolution for disputing parties. Sometimes the arbitrator’s decision is final and must be adhered by both parties, this is called binding arbitration. Other times, the referee’s decision is not final, this is call non-binding arbitration or mediation.

Your contract should specify whether or not required to pass binding arbitration or non binding arbitration. Check if your contract has any other clauses for dispute resolution. If it does not, or you do not have any contract, then your best bet is to get a lawyer. A lawyer can talk the other business of conflict resolution. I f not, a lawyer can help you sue the other court business. Business conflicts can become very complex and unpleasant. In addition, each state has different laws on arbitration law and contract. A lawyer can help you handle your dispute properly. A lawyer will also be aware of the laws of your…...

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