What type of dispute resolution methods should I establish?

If you own a small business in Texas, it’s important to establish a dispute resolution method to help prevent any issues or arguments that may arise in the future. The most common methods of dispute resolution used in Texas are arbitration, mediation, and litigation. Arbitration is a method in which a neutral third party, called an arbitrator, listens to both sides of the dispute and makes a legally enforceable decision on the matter. This is a quicker method of dispute resolution versus going through the court system. Mediation is also a form of dispute resolution where a neutral third party, known as a mediator, helps both parties involved in the dispute come to an agreement. The mediator is not there to decide the outcome, but rather to help both parties come to an agreement. Litigation is usually the last resort in dispute resolution. This involves going through the court system and having the dispute decided by a judge or jury. It is usually the most expensive and time consuming option. It is important to have dispute resolution methods in place when owning a small business in Texas. You may want to discuss these options with your lawyer and decide which one will best fit your needs. Having the right dispute resolution method in place can help ensure that any issues that arise in the future are settled quickly and efficiently.

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What type of dispute resolution methods should I establish?

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