Settlement negotiations for a business dispute are a tricky affair. The business has to be tough with litigation threats, but it cannot be allowed to impact the name or brand. That is why most lawsuits filed against a business or between two businesses are eventually settled. However, the risk can be minimized and transferred by entering into proper contracts with employees and partners and getting the required business insurance coverage.
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A lot of business disputes revolve around liability, employee issues, business debt and regulatory non-compliance. The most common form of dispute resolution required is for a payment dispute between two businesses. The digital age has increased the number of copyright and trademark infringements on websites, but issues like cyber squatting can often be settled without having to be referred to the regulatory body.
Do you have legal questions regarding settlement negotiations and business law? Our business law attorneys can help. Contact a business lawyer in your area today to learn more about how you can receive legal representation regarding a settlement negotiation and your business.
Did you know?
Settlement negotiations will be easier with a dispute resolution clause in the contract.
A dispute resolution clause can be inserted in partnership agreements and employee contracts to specify how to proceed in case of a dispute.