Business and Management

Opportunity To Resolve Disputes Resolution

There are traditional and alternate dispute resolution options available for partners who are involved in a dispute that is threatening your business. You will need to bring in a third party to assist you if you can't resolve the issue between yourself and the boardroom. There are some conflict resolution companies in Canada that provide the best dispute resolution services.

Alternative dispute resolution

Alternative Dispute Resolution techniques are now commonly used by businesses to prevent the matter from entering into the public eye. If you choose an alternative resolution technique you will be able to keep the matter entirely confidential, hence it is the most popular option in the modern business world. 

The alternative dispute resolution options you have are:

  • Mediation

  • Arbitration

Mediation is the least invasive of all the techniques on the market it simply requires you to discuss the matter at hand with a mediator present. The mediator will be an unbiased third party. They are not present to offer their opinion on the matter, merely to control the discussion. 

Arbitration is slightly more invasive as it puts the matter into the hands of a chartered arbitrator. The arbitrator will assess all the evidence pertaining to the issue and will then proceed to offer a legally binding decision on the matter. Both parties must agree to arbitration before it can proceed. 

Traditional dispute resolution

This is simply taking the matter to the courts. Traditional litigation is generally accepted to be the last port of call as it has a tendency to be the most time-consuming – and therefore most expensive- option available to you. You will also be unable to keep the matter private; it will be very much exposed to the public eye.

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