How to handle disputes with a business partner

| Jul 21, 2021 | Business Disputes |

It may seem like a good idea at the time to go into business with another person. However, disputes do tend to happen among business partners in Pennsylvania. It’s not all that uncommon for it to take some time and a lot of negotiating in order to solve these types of disputes. Here’s how these types of disputes are often handled.

Negotiating with them

It’s important that business partners try to handle disputes themselves. This is often accomplished when both partners concentrate on the facts and listen to what the other one has to say without bringing emotions into it. Usually, both parties will end up needing to compromise a bit before they can settle the dispute.

Seeking mediation

Sometimes, business partners need to seek the assistance of a third party in order to handle disputes. It’s best to use a mediator that isn’t associated with either business partner so that they can give unbiased advice.

Taking it to court

If a resolution isn’t found, business disputes may need a court to settle them. For those that want to have someone represent them, they should seek a lawyer that has experience dealing with business litigation and disputes. Both sides will present facts that are pertinent to the dispute, and a judge will decide how to settle it.

Disputes with a business partner aren’t pleasant, but they do happen quite often. If you are currently in this type of situation, it’s best to try to work out the dispute on your own in order to save money and resolve it quickly. If you can’t come up with a resolution that you are both happy with, you may need to seek the advice of a lawyer.