When a business dispute arises, the first instinct is often to act quickly. Taking a moment to consider the options can lead to a better outcome, lower costs and less disruption to the business.

What you need to know

Most disputes are resolved without a trial. Negotiation, mediation and other forms of settlement are often faster and more private. Litigation may still be necessary when the other side will not engage, when urgent protection is required, or when an important principle is at stake.

Key considerations

• The strength of your position and the evidence available.

• The cost, time and management attention each route is likely to require.

• The value of the relationship with the other party.

• Any deadlines, such as limitation periods, that could affect your options.

Practical next steps

Gather the key documents, write a short timeline of events and avoid making statements that could be used against you later. Early advice can help you choose an approach that fits your goals.

Important note

This article is provided for general informational purposes only and does not constitute legal advice. Laws and procedures vary by jurisdiction and may change. Seek advice about your specific circumstances from a qualified legal professional.