How are contract disputes handled in commercial real estate transactions?

Contract disputes in commercial real estate transactions are handled in several ways. In California, if the parties are unable to come to an agreement on their own, they may decide to take the dispute to court. This typically involves each side presenting evidence to a judge who then makes a decision. This can be a lengthy and expensive process depending on the dispute. An alternative to court is arbitration. During arbitration, the parties present their case before an arbitrator who then makes the final decision. This process is usually more efficient and cost-effective than taking a case to court, although it can still be lengthy. The parties may also decide to take the dispute to mediation. During mediation, a third-party mediator works with both sides to come up with a solution that is acceptable to both sides. Mediation is often the quickest and least expensive option for resolving contract disputes in commercial real estate transactions. Finally, the parties may choose to collaborate. This involves both sides working with each other to try to reach an agreement on their own. Collaboration is the least formal way of resolving contract disputes in commercial real estate transactions and can be a great way for the parties to save time and money.

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How are contract disputes handled in commercial real estate transactions?

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