It is never a pleasant matter to handle a dispute, even if you prepare for it. But the more tools you have at your disposal, the easier it is to handle these matters as they arise.
One of the best things you can do is have a wide arsenal of methods to handle disputes. After all, litigation is not the only option, nor does it have to be the first thing you turn to.
Opting for arbitration
The Balance discusses some potential alternative resolution methods you may want to look into first. If you like the more rigid structure of litigation but do not want to have a court date, consider arbitration. Arbitrators and judges hold similar positions. They listen to arguments and hand down a binding decision based on what they hear. All parties must abide by this decision.
You get to save money by avoiding the cost of going through a court battle. At the same time, you still allow a higher authority to make the ultimate decision on your behalf. This may sometimes burn business relations. But it allows you to have structure and support during the dispute.
Who does mediation work best for?
If you want to prioritize saving your business ties and solving the matter on your own, mediation may work best. A mediator does not have the same power as an arbitrator. Their primary role is to ensure everyone gets a chance to speak. They may step in when arguments get out of hand or offer their opinions and advice. But in the end, the final decision is up to you and the other involved parties.
Whatever you choose depends on your own unique situation. Thus, you want to give careful consideration before making your final choice.