There is no escaping the fact that a commercial dispute can be complicated and costly to your business. You may spend a great deal of time and money trying to resolve it without causing any damage to the reputation of your business, and perhaps the best way to protect yourself in these circumstances is to instruct a specialist commercial solicitor to act on your behalf.
Without a solicitor you will have to spend your time, which costs money, trying to negotiate a settlement with the other party. These negotiations may not go in the direction you were hoping and you could cause further damage to the relationship, which can add fuel to the fire of your dispute. Having a solicitor handle these types of negotiations can help to stop it being so personal and may mean you reach agreement more quickly than you would have yourself.
Using their experience, they can accurately provide you with a risk assessment of your dispute and offer you clear advice on the probabilities of success if you end up in court. This can provide you with a much better picture of the overall outcome and allow you to decide whether you wish to settle the dispute or push forward to litigation.
In the main, settlement is the better option. Litigation is expensive and is in the public domain too. That means all your clients, customers and competitors are aware that you are in dispute with someone. This could damage your reputation with some of your clients or perhaps offer some advantage to your competitors.
By following the route of Alternative Dispute Resolution, you could solve your dispute in private, without anyone other than you and the other party being aware of it. There are a number of options such as mediation or arbitration and a solicitor can help you decide which one is most suitable for you.
As a last resort you may consider litigation, but you should carefully weigh up the pros and cons of this option and the impact on your business.
The process of dealing with your dispute will be far less daunting if you use a solicitor. They can use their expertise in the field and can to help you to swiftly resolve your dispute and get the best possible outcome.
If you would like any further advice on settling commercial, please call us now on +44 20 7490 5861, email us on firstname.lastname@example.org or complete our Free Online Enquiry and we’ll be in touch with you soon.