When reaching a business agreement, you’ll need to negotiate. That is, sit down with the other parties to the agreement and work out the details of the contract. Negotiating is one dispute resolution technique that is used to try to settle contract disputes. Dispute resolution techniques such as litigation and arbitration are adversarial possesses where one party will win, and one party will lose. No matter how through and well written contracts are, contract disputes still occur.
Negotiation strategies for conflict resolution from business negotiation can help parties mend their partnership, avoid the expense of a lawsuit, and even create value. In contract negotiations, strategies may include a dispute-resolution clause, a contingency agreement or combine dispute prevention and a contingent agreement. Negotiators who understand the importance of collaborating with one another to create value creation opportunities in disputes as you do in deals using strategy opportunities to reach a peaceful end to your dispute.
Do not hesitate to contact the attorneys at Tishkoff if you have questions regarding business law or litigation. The attorneys at the Tishkoff law firm, located in downtown Ann Arbor, Michigan, may be reached by phone or email.