What type of dispute resolution methods should I establish?

When it comes to small business law, establishing dispute resolution methods is essential to protect yourself, your customers, and your business in the event of a disagreement. In Arizona, some of the most common resolution methods include arbitration and mediation. Arbitration is a process whereby an impartial third-party, known as an arbitrator, is chosen to resolve a dispute by reviewing evidence and testimony presented by both parties. This option is often faster and cheaper than going to court and helps to keep the dispute out of the public eye. Mediation is another common dispute resolution method. In this process, a mediator is chosen to help both parties come to a mutually agreeable resolution without the need for a courtroom. Unlike arbitration, mediation is a non-binding process that involves both parties understanding one another and working together to reach a common goal. No matter which method you choose, it is important to ensure that the chosen resolution is fair and that both sides have ample opportunity to make their case. It is also necessary to have a written agreement outlining the terms of the dispute resolution process in order to protect the business against any legal issues.

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