A business can resolve contract disputes with suppliers or customers through a strategic and structured approach ;
- Try to resolve the dispute informally through open communication, which can help preserve valuable business relationships.
- Review supplier or customer agreements, as the written contract and related documents determine the rights and obligations of each party.
- Seek legal advice early on to help businesses understand the strength of their position and explore alternatives to litigation.
- Alternative Dispute resolution methods such as mediation or arbitration, are often effective, less time-consuming, and less costly than litigation.
- Taking further legal action only if these steps fail, ensuring that you are well prepared with all necessary documentation like contracts, correspondence, and invoices to support their claim.