Regardless of the type of business you run or the size of your business, it is likely that, at one point or another, a dispute will arise. Business disputes, while common, can still be overwhelming. This is not to mention that they can take up a lot of valuable time and resources as you work to remedy the dispute. You may not be able to prevent any disputes from arising, but there are certainly actions you can take to minimize the chance of disputes and to streamline your processes so that, should a dispute arise, it can be swiftly and effectively addressed. To help you with this, we are going to walk through some of the most common types of business disputes.
The Most Common Types of Business Disputes
Employment claims are extremely common among businesses across different industries. In particular, employment disputes relating to hiring and firing practices often arise. The laws pertaining to the treatment of employees rise to the federal level and require that employees take active steps to prevent discrimination and harassment in the workplace, which begins even before hiring a prospect candidate and running all the way through termination of employment.
When it comes to preventing employment disputes, understanding your obligations as an employer are key. Additionally, developing and maintaining streamline policies and processes for things like hiring and firing. These are things that you can be proactive about in preventing things such as discrimination claims.
Businesses enter into a number of contracts. These contracts will arise from a business working with everyone suppliers to purchasers to contractors and clients. As such, it may be no surprise that contract disagreements are another very common type of business dispute that business owners will likely have to deal with at one time or another. One party may feel that the other side did not completely uphold their end of the deal. Another party may feel it was underpaid for services rendered. Disputes about the terms of the contract and performance of said terms can quickly develop and cause big headaches.
Creating standardized contracts that detail the key terms necessary for both parties to know what is expected of them as far as contract performance is of the utmost importance. Business dealings are not times to trust a handshake promise. Put everything in writing. Set clear expectations for all involved and detail how disputes will be handled should the need arise.
Other disputes can be prevented by putting employment policies in place and other documents governing the day to day running of a business. The key is putting things clearly in writing. Writing solid, comprehensive contracts and policies in place manage expectations as well as detailing everyone’s responsibilities. This can be critical in preventing a variety of business disputes from arising.
Business Law Attorney
At Kumar Law Firm, we are here to help you set your business up for success and continuous growth. That involves putting strong contracts and business agreements in place. We can help you with this. Contact us today.