What are the options for resolving a commercial real estate dispute?

When a dispute arises in commercial real estate law in Utah, there are several options available for resolving the dispute. The first option is through negotiation. In this process, both parties involved in the dispute spend time talking it through and making compromises, ultimately coming to a resolution that is mutually beneficial. The goal of negotiation is to avoid costly and time-consuming litigation. Sometimes, however, negotiation is not enough to resolve the dispute. In these cases, parties can seek external help to come to a resolution. Mediation is a process in which a third-party mediator helps facilitate discussion between the two parties, ultimately helping them come to an agreement. Arbitration is another option. In this process, the parties present their case to an impartial third-party arbitrator, who will hear the arguments and then make a decision. This decision typically is legally binding and can be enforceable in court. Finally, if the dispute cannot be resolved through any other methods, the parties can take the matter to court. A judge or jury will hear the evidence and arguments from both sides and then make a decision about how to resolve the dispute. This is the most expensive and time-consuming option, so it should be a last resort if the other options fail.

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