What kind of dispute resolution is available for joint venture disputes?

In Oregon, there are several different dispute resolution options available for joint venture disputes. The most popular option is mediation, which is a process where an impartial third party helps the disputing parties reach a voluntary agreement. This is usually a less costly and less time-consuming alternative to going to court. Arbitration is another option for dispute resolution. In this type of dispute resolution, both the parties appoint an impartial third-party who will act as a judge, oversee the proceedings, and make a decision on the matter. This decision is binding and can be enforced in court if necessary. If the parties are unable to come to an agreement through mediation or arbitration, they may choose to go to court and have a judge or jury resolve the dispute. This is a more lengthy and expensive process and is usually reserved for more serious or complicated legal disputes. Finally, there are also voluntary dispute resolution options available, such as the American Arbitration Association, which offer dispute resolution services for free or at a minimal cost. These are typically provided by a third party who is knowledgeable about the applicable rules and regulations and can help both parties reach a resolution that is acceptable to both.

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