“This article has been produced by an independent contributor and does not reflect the views and opinions of the Immediation team or the brand as a whole.”
Running a business involves a lot of moving parts. You interact with many types of people, and are involved in many situations, and it is not unusual for issues to crop up from time to time. While it’s important to try and nip these problems in the bud before they become a big issue or dispute… there may be times where this is simple unavoidable.
Differences in opinions, management styles or understanding of deliverables can cause conflict within the business, or with your shareholders, providers, or other partners.
Unfortunately, when things go to court, it can be really challenging to continue with a positive business relationship. Court can often turn things ugly and result in a lot of lost resources, money, and time for both parties (and it might not yield the results you were hoping for).
Typically, a good place to start with this is mediation. Mediation is the process of resolving issues with a natural and non-biased party, and it is a powerful way to avoid disputes from escalating.
Online mediation systems and platforms are a fantastic method, because it removes the problem of location, and reduces travel costs and other similar, related costs and expenses.
Disputes can arise over a number of different things (and aspects within the business).
Here are some of the more common dispute topics to look out for:
- Finances
- Contract agreements, or other breaches of contract
- Purchase and sales of business assets
- Due diligence
- Bankruptcy or insolvency
- Debt recovery, and other debt and creditor issues
- Tax, or superannuation
- Business ownership and rights
- Trade practices and workplace conflict
- Privacy and confidentiality
There are many reasons for a dispute, but the most important thing is to focus on resolving it in a respectful manner, which leaves the door open for future collaboration and long-term gains for everyone.
By taking these steps, you protect the future of your business, and make sure you are doing right by everyone involved.
The team of legal and technical experts at Immediation are here to help guide you through the mediation process and reach the best possible outcome. You can do it 100% online or opt to use a managed service where the Immediation personnel do everything for you, from start to finish.
Mediation is a good first-step in the dispute resolution process. It’s Immediation’s goal to help you sustain your business relationships, while resolving the matter quickly and professionally.
Want to know more, or enquire about your business dispute? Simply fill out the form on the contact page and they’ll be in touch.
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