alternative dispute resolution services

Alternative Dispute Resolution: How Does It Works?

Alternative disputes are often the result of a failure to communicate, or opposing views on what was communicated. This is true in most human relationships, personal and business. Business involves risk, but the degree to which you manage those risks can have a profound impact on the bottom line. You can get more information about Alternative dispute resolution via https://stat11.ca/dispute-resolution-services.

Image Source: Google

However, if the risk is not identified it cannot be avoided, eliminated, mitigated, or managed. Ideally, we all want to avoid disputes. While you can employ best practices to avoid any disputes, you cannot eliminate the risk. It is wise to have an inexpensive, expeditious and defensible mechanism in place to resolve disputes.

Business disputes can often resemble family disputes. There is a differing understanding of terms, failure or perceived failure to meet expectations, or an inability to negotiate as the dispute gets heated and becomes emotional.

Common business disputes are between employer and employees (individual or union), business partners, customers, or suppliers. To avoid or reduce the risk of dispute in all of these areas, companies must identify what could lead to a dispute, and develop an action plan that avoids or reduces the risk.

In many cases, having written policies and procedures and ensuring that they are communicated will reduce the risk of a dispute.

In all disputes, there is the option to avoid, eliminate, or reduce the potential for conflict. Good business practices and communication can go a long way in accomplishing these objectives. However, it is wise to have a plan of action to swiftly resolve disputes when they occur and to do so with minimal cost.

Read More