20th Anniversary SAC Attorneys
Elite Lawyers
Lawyers of Distinction
Avvo Rating 10.0
Santa Clara County Bar Association
Association of American Trial Lawyers
Elite Lawyers Business James Cai 2017
Best Litigation Attorneys in San Jose
Expertise - Best Employment Lawyers in Santa Clara 2021
Expertise - Best Employment Lawyers in Santa Clara 2022

Resolving Business Transaction Disputes

There are different kinds of disputes that can arise in business transactions. For instance, consumers can bring forward business transaction complaints because of, among other reasons, billing errors, substandard services or products, unauthorized charges, and misrepresentation. A business transaction dispute can also occur between a business and another party, such as a vendor or supplier. When a business transaction dispute arises between you as a business and another party, it is important that you know how you can resolve the dispute. So, how can you resolve business transaction disputes?

Methods of Resolving Business Transaction Disputes

One form of resolving business transaction disputes is litigation, with a judge and/or jury presiding over the dispute. When a business transaction dispute is taken to court, the parties involved must argue their case before the judge and/or jury. However, litigation is not the only way to resolve business transaction disputes. There are a number of alternative dispute resolution methods.

One alternative to litigation is negotiation. If a business transaction dispute arises between you and a supplier, vendor, or customer, you and the other party can decide to discuss the matter and reach an agreement. However, while you do not have to involve an attorney, it is best to hire one. A qualified business attorney can help negotiate a fair deal. Keep in mind that a negotiated agreement is a contract and legally enforceable. If you handle negotiations alone and enter an unfair agreement, you may not be able to go back and change the agreement.

Another alternative to litigation is arbitration. The arbitration process involves the disputing parties working with a neutral third party called an arbitrator. The arbitrator listens to both sides of the story and then makes a decision. The following are some of the advantages of arbitration;

  • The process offers privacy
  • The process is less formal and structured than a regular trial
  • The process is convenient
  • The process is flexible
  • The process is usually faster than traditional litigation

However, with arbitration, appeal rights are limited, unlike the case with a traditional trial. This is something you need to keep in mind when deciding whether to arbitrate your business transaction dispute.

The other alternative dispute resolution method is mediation. If a business transaction dispute arises and you and the other party are willing, you can try this option. Mediation involves working with a neutral third party called a mediator. The role of the mediator is to help you and the other party communicate effectively and reach a mutually-acceptable agreement. The mediator facilitates negotiations but does not make the final decision, like in the case of arbitration. The following are some of the most notable benefits of mediating a business transaction dispute;

  • The process is informal
  • The process is flexible
  • The process is less expensive than a traditional trial
  • The process is private
  • The process is often faster than a traditional trial
Contact Us for Legal Help

It is crucial to note that the best resolution method for your business transaction dispute or any other kind of business dispute depends on the specifics of your case. What worked for another business may not work for you. To determine which resolution method is suitable for your case, contact our skilled and dedicated business attorneys at SAC Attorneys LLP.

Client Reviews
Mr. Cai Is a Diligent Attorney. My sister and I were defendants in a civil litigation case. We hired James Cai and his law firm, SAC Attorneys LLP. Mr. Cai is a diligent attorney and responded to our questions in a timely fashion. He and his staff were very helpful in keeping us informed of the proceedings of the case and in explaining each step. Mr. Cai is also very conscientious of fees and costs, and avoided unnecessary charges. The results of the Summary Adjudication sided with us. The Court Trial resulted in the “Final Statement of Decision” and “Judgment after Court Trial” overwhelmingly siding with us. Cynthia F.
I Am Truly Impressed. After spending a significant amount of time, money and efforts with my previous counsel at a larger law firm without getting meaningful results, I transferred my employment matter to SAC Attorneys LLP. The attorneys there were able to understand the complex situations of my case and put together an aggressive litigation strategy. We were able to file a compelling complaint within a week and forced the opposing party, which was represented by one of the largest law firms in California, to make a substantial settlement offer shortly thereafter. I am truly impressed by the no nonsense and results oriented approach by SAC Attorneys LLP attorneys. A job well done! X. Gao
They Took Time to Understand Our Technology. I am the founder of a bioinformatics start-up in the Silicon Valley and chose SAC Attorneys LLP as our corporate counsels. Their attorneys have great experience with high tech start-ups and were able to offer a highly competitive service plan while not sacrificing a bit of their quality of services. They took time to understand our technology and provided value added services by introducing investors and job candidates to us. We regard our attorneys at SAC Attorneys LLP not only as our legal advisors but also our venture partners. Dr. Pete S.