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Business disputes are generally resolved through the following:

  • Direct negotiation. Both parties agree to talk to each other, listen to what each party needs, and crafts a new agreement that is more acceptable than the original.
  • Mediation. Opposing parties meet to discuss and resolve their differences in a mutually acceptable way with the help of a neutral third party mediator.
  • Arbitration. Conflicting parties agree to accept the decision of a neutral arbitrator that considers all the facts and evidence before rendering a binding decision.
  • Litigation. A judge decides which party will prevail based on the facts and the law.
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Q: What are most business disputes resolved by?
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