May 21, 2019
Commercial disputes can be time consuming, costly and damaging to the long term reputation and success of your business. If it comes to it, commercial disputes can be resolved in a court of law with the aid of commercial lawyers. However, there are better ways to resolve disputes if you’re willing to be reasonable and talk things through with the other party.
Alternative dispute resolution, or ADR, is a method of dealing with commercial issues without going through the courts. They usually involve the use of a third party (such as a decent lawyer) who will act as the go between for you and the other party involved in the dispute. If problems can be worked out using ADR, you will probably save yourself money, time and a lot of bad press.
What Types Of ADR Are There?
There are a number of different types of alternative dispute resolution that can be used according to your circumstances. In some cases, more than one type of ADR can be used. The most common methods in Australia include:
Mediation – Commercial dispute mediation involves the used of an impartial third party mediator who can work with both parties without vested interests. A mediator’s job is not to make agreements or discuss terms with both parties, but to act as a go between and to facilitate discussion.