Disagreements are not uncommon for business partners. Fortunately, most business relationships are governed by the terms and conditions of contracts, which typically provide the paths by which disputes can be resolved, if they arise.
If those paths are insufficient, however, or if the parties disagree about the actual nature of the dispute or the terms of a contract, resolving a dispute outside of court may become next to impossible.
The path to litigation
No one wants to be involved in a civil lawsuit. For businesses in Kentucky, these matters can quickly become time-consuming and expensive. Simply put, litigation is oftentimes a drag on business operations. However, in certain situations, litigation is necessary.
If direct negotiations about a dispute fail, or if even more involved efforts, such as mediation, fail to bear fruitful results, litigation may indeed become the only remaining path to attempt to resolve legal disputes.
Breach of contract litigation is common enough between businesses, but so are civil cases that involve employment matters, financial disputes, insurance coverage disputes and even disputes between partners within the same business, for example. Most lawsuits begin with the same reasoning – the determination that other, “gentler” methods will not work.
Many business litigation matters come down to two basic attempts to resolve whatever the issue is: First, attempts to secure financial compensation to compensate for the dispute; and second, attempts to make one party or the other perform as originally agreed.
However, every business dispute is unique. Your company’s needs and goals will differ from others. If you have a legal dispute that may be boiling toward litigation, be sure to get the right information about your options.