From the course: Legal Jargon Explained
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Dispute resolution introduction
From the course: Legal Jargon Explained
Dispute resolution introduction
- I like the quote, "Conflict is inevitable, "but combat is optional." It's how we choose to respond and not react that will determine whether the outcomes of conflict are constructive or destructive, and the same concept applies when it comes to law. Mismanagement of issues reduce the possibility of a positive resolution. Oftentimes, disputes arise during a contractual relationship. For instance, a supplier might breach a confidentiality clause in the contract with your company, posing a threat to your company's proprietary information. Or when co-owners or partners who are subject to a partnership agreement have differing visions or disagreements on business decisions, it can lead to conflicts. It is commonplace within contracts to find a dispute resolution process, often referred to as dispute resolution, escalation process, or conflict resolution. These are mechanisms within a contract that outline the steps parties must take to resolve disputes before pursuing legal action. Look…
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