How to resolve a contractual dispute
Business contracts are legally binding documents between parties, usually centred around the buying and selling of goods and services.
In an ideal world, everything would proceed exactly as documented in the mutually agreed contract, but of course, things can and do go wrong on occasion. When one of the parties involved raises a dispute over one or more of the terms in the contract, this is known as a contractual dispute. Let’s look at some ways to find a resolution to this problem.
Agree Standards
Often, a contractual dispute focuses on whether the goods or services provided are as described. If you receive goods which, in your opinion, are sub-standard, collect as much evidence as possible about the discrepancy, according to Lancashire Business View.
Suggest a Resolution
To avoid going to court, it can be wise to communicate clearly and to try and resolve the matter amicably. Begin by writing a proposal of how you think the matter can be ironed out, and don’t forget to include the all-important phrase ‘without prejudice’, to determine who may need to pay any court costs later down the line.
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Take Legal Advice
Whether you’re the claimant or the defender, it’s best to obtain specialist legal advice at the first sign of any contractual dispute, to ensure you act appropriately and get the matter resolved as soon as possible.
