What are the laws and regulations pertaining to dispute resolution?
In Maryland, small business law provides several guidelines for dispute resolution. Business owners must always attempt to resolve their disputes through negotiation or mediation. If the parties are unable to reach an agreement through this route, they may take their dispute to court. The Maryland Court of Special Appeals also has jurisdiction over the disputes of small businesses. Business owners can file a request for a mediation hearing to try and resolve the dispute outside of court. Mediation is a form of alternative dispute resolution in which both parties present their side of the dispute and a mediator helps to facilitate an agreement. If the parties cannot reach an agreement, they can pursue a lawsuit. Any legal action must be filed in the state court where the business or parties involved are located. Filing fees and court costs will be involved in the dispute resolution process. The state of Maryland also has a Small Claims Court. This court is designed to simplify the legal proceedings for small business disputes. To file a claim, the business owner must provide proof that the dispute involves a claim of less than $5,000. The Small Claims Court Judge will hear the dispute and make a ruling. No matter the size or complexity of the dispute, it’s important for small business owners in Maryland to be aware of the laws and regulations pertaining to dispute resolution. Following the rules and pursuing the right strategies will help to ensure that the dispute leads to a successful resolution.
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