If you are involved in a partnership dispute that is damaging to your business, traditional and alternative dispute resolution methods are available to you. If you can't resolve the issue together in the meeting room, you need to seek help from a third party.
Alternative dispute resolution
Alternative dispute resolution services is now widely used by companies to prevent the issue from being published.
Choosing an alternative solution technique means that you can keep the matter completely secret, which is why it is the most popular choice in today's business world.
You have the following options for alternative dispute resolution:
Mediation is the least invasive of all the techniques on the market. All you need to do is discuss the matter with the current mediator. The mediator is an impartial third party.
They are not present to express their views on the subject, only to control the discussion. They ensure that the discussion doesn't get too heated and that each side has an equal amount of time to express themselves in a relaxed atmosphere and to share their views.
Arbitration is a little more invasive as it shifts the matter to an official arbitrator. The arbitrator will evaluate any evidence relating to the matter and then proceed to propose a legally binding solution to the matter. Both parties must agree to arbitration before it can proceed.
Traditional dispute resolution
It just takes the matter to court. Traditional litigation is usually considered a last resort because it is usually the most time-consuming – and therefore the most expensive option – available to you. You can't keep the problem a secret either. it will be very exposed to public attention.