What is Business Litigation and Dispute Resolution?

What is Business Litigation and Dispute Resolution?

The business to business aspect of litigation can be complicated, particularly where firms may have not delivered on what they have said they would. Our Commercial solicitors Leicester might be able to help in this situation. If you’re looking for legal advice relating to business litigation and dispute resolution in Birmingham or Leicester, Bond Adams can answer any questions you may have. Disputes can get in the way of you focussing on growing your business, so it’s vital to know your rights. Commercial solicitors can help you identify risks, and avoid disputes in the first place.

What are the main types of dispute resolution?

Different types of dispute resolution can apply depending on the particular situation. Commercial solicitors can provide mediation services, for example. Mediation is where a neutral third party assists disputants in coming to an agreement on their own, rather than imposing a solution. This can be quite effective as an approach.

Arbitration is another type of approach used in business to business disputes. The arbitrator is still impartial, however, they take the decision on how to resolve the dispute. The arbitrator’s decision is then binding. Commercial solicitors are able to help businesses to resolve conflicts in this way, especially if the disputants aren’t able to come to an agreement.

Business litigation is probably the most common way to approach dispute resolution. In this case, a judge or jury is responsible for making a ruling about the dispute. The litigation will be controlled by commercial solicitors in this situation, which typically ends in a settlement during the pretrial period of discovery and preparation. 

All of these types of approaches can be taken in order to resolve disputes between businesses, and their stakeholders and employees. Commercial solicitors will be able to decide on the best approach to take depending on each individual case. They will then assist in providing an appropriate solution.

What business litigation and dispute resolution can commercial solicitors provide?

Commercial solicitors such as Bond Adams can offer several services to help prevent disputes and protect your business. These can include protecting your business assets, including your intellectual property, brand, and any other property. They also protect your company’s finances, by ensuring your financial position is secure. This can involve banking arrangements, financing agreements, securities, and guarantees.

Commercial solicitors also help businesses by protecting their relationships. This includes relationships with third parties, such as suppliers, agents, customers, advisors, and purchasers. Commercial solicitors are also responsible for managing relationships with all stakeholders, employees, and directors. This is often necessary for disputes involving things like breach of contract, breach of confidence, and breach of duty.

These types of disputes can be resolved with either mediation, arbitration, or leading up to court if necessary. If you’re looking to protect your business, commercial solicitors can help manage and resolve any potential or existing disputes. Bond Adams provide support to businesses in both Birmingham and Leicester and the surrounding areas. If you would like more information about business litigation and dispute resolution, get in touch today