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

In Vermont, as in all other states, there are several options for resolving a commercial real estate dispute. The two most common options are mediation and litigation. Mediation is when two parties meet with a neutral third-party mediator to negotiate and come to a mutually agreed upon outcome. The mediator is trained to help the parties come to a resolution that works for both sides. This option is less expensive and faster than litigation. It also allows the parties to have more control over the outcome. Although mediation can be an effective way to resolve a dispute, it is not binding, so either party can still choose to pursue litigation if a resolution cannot be reached. Litigation is when a court or jury presides over the case and makes a determination for the outcome. Litigation is the most expensive and time consuming option, but it is binding. Litigation is often the best way to resolve a commercial real estate dispute when other methods of resolution have failed. Other options for resolving a commercial real estate dispute include arbitration, which is similar to litigation, but with a private arbitrator making the decision, and collaborative law, which is a cooperative approach to dispute resolution that focuses on both parties coming to a mutually beneficial agreement without going to court. No matter which option you choose, it is important to understand the laws and regulations pertaining to commercial real estate in Vermont. Consulting with an experienced real estate lawyer can help maximize your chances of a successful resolution to your dispute.

Related FAQs

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

Related FAQs

Related Blog Posts