Company leaders in Maryland and the D.C. area know that controversies do not help with smooth business operations. Litigation, for example, can bog down leadership and key executives with disputes that can range from employment issues to real estate problems, and everything in between. But, when it comes down to it, probably the most common legal dispute any business will be involved in eventually is a breach of contract issue.
If this type of legal dispute is slowing your company’s operations down, your business leaders are likely looking for solutions. Breach of contract claims can be fairly straightforward: one side to a contract alleges that the other is not fulfilling legally binding obligations. Of course, the facts of any given case can get much more complicated than that.
Many contracts these days have dispute resolution clauses built into the language of the deal. Mandatory arbitration may be called for and, if the case doesn’t go your way, you may be on the hook for paying the other side’s attorney and legal fees. What options does a company have?
Finding solutions
Direct negotiations between the parties are usually the first step toward finding out if the dispute can be resolved out-of-court. Or, mediation could help the parties work through their differences. As mentioned above, even mandatory arbitration could bring a swifter end to the litigation and legal claims than going through the full-blown court process. But, sometimes, taking the case all the way to trial is the only way to resolve these business disputes. If your company is bogged down in contract dispute claims, be sure to know which options work best for your own unique circumstances.