What else you might like to know about Company Disputes
If your business is involved in a dispute with another organisation and direct contact has failed to resolve the issue, seeking the help of a legal professional should be your next step. Here is some basic guidance to help inform your choice of legal expert.
What constitutes a company dispute?
A company dispute may take place between businesses for a number of reasons. The most common reasons typically relate to financial issues – such as a dispute over payment for a service – or lease-related issues.
What role does mediation play in company disputes?
The majority of company disputes can be resolved with the help of mediation. Mediation can be an effective way of resolving a dispute between companies without resorting to court proceedings. A mediator will discuss the issues with both sides to reach an agreement with the intention of reaching a settlement and preventing the need for court action.
Mediation is a relatively informal process and, as such, is usually conducted within the company’s premises. The mediator will sit with all of the relevant parties, listening to their side of the dispute and relaying the opposite point of view in a constructive environment.
Why should mediation be attempted before more formal procedures?
Mediation allows parties to reach a compromise together rather than being subject to the rulings made by a judge. Mediation is also more cost effective than court action.
How can I choose the best legal expert?
Due to the need for both parties to meet with a mediator, it is usually necessary to appoint a mediator from within a reasonable geographical area. You may also wish to consider the reputation and cost of a firm before making your decision.
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How will a legal service provider charge me?
There is no clear timeframe for mediation. A legal service provider may be required for a matter of hours or several days, making it more likely that you will be charged on an hourly rate or a fixed fee with capped hours basis.
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