Frankly, it makes good business sense to pursue alternative dispute resolution. It can significantly reduce financial, reputational and productivity risk so you can get on with running your business and making it a success.
Negotiation, Mediation, Collaboration & Arbitration
Sometimes litigation is necessary. Your business may have a need to act on a precedent set by a court. It may need to enforce an action or require a court order to get the necessary outcome. And sometimes, a dispute is just so complex – that litigation can be justified.
But most times, one of (or a combination of) negotiation, mediation, collaboration or arbitration will suit your dispute resolution requirements.
Alternative dispute resolution has some significant advantages besides being more cost-effective. Whilst it’s an incredibly flexible process, all parties have greater control of it. Together, parties can agree on the type of resolution process, a place and time to do it – and can even discuss a broader range of issues that indirectly relate to an argument.
For many, the main advantage of alternative dispute resolution is that discussions can remain private and confidential. When disputes run through the courts system, everything is available on public record. For most businesses, a lot of information that is discussed in disputes is ‘commercial in confidence’. ADR can be an effective way to ensure intellectual property is kept safe and company and individual reputations aren’t publicly damaged.
Madgwicks offers clients informal and formal alternative dispute resolution services across all of its service areas and industry groups. If you have a dispute that you need settled cost efficiently, quickly and privately, contact us today.