The variety of commercial transactions you can be involved in is equal to the possibility of commercial disputes you might find yourself in the middle of. The reason is that contracts and deals may have not been explained well at the outset, or they can just be plainly vague. Sometimes, loopholes are even deliberately put in the fine print.
A commercial dispute arises when there are disagreements or misunderstandings in a defined commercial or business transaction. To sort out the differences, the disputing parties may undergo alternative processes, initially. They can negotiate, or go through mediation, or
arbitration. Litigation is the last, if not the least advised avenue for a commercial dispute resolution because it can be costly and time consuming. If you are backed, however, by lawyers who know their way in and around commercial disputes, a court decision in your favour can more permanently settle your woes
If pre-litigation moves do not work, your commercial dispute solicitor will prepare for your day in court, in order to secure for you a fair judgment.
The Three Track System
This may be applied for more serious claims. Your commercial dispute lawyer will figure out for you the appropriate track among the three options where you can tender your claim.
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