In the world of business, cultivating and maintaining the right
relationships can be a huge boon to your business. At the same
time, some relationships can cause lasting damage. Admittedly, it
can be tricky sometimes to effectively distance yourself from a
person or an entity that might not be beneficial to your business
practices. Word-of-mouth travels quickly and when your litigation
efforts against a peer or an associate enters the stream of public
conversation, it will almost certainly have an effect on your
One way you can approach the severing of ties without risking
litigation is through alternative dispute resolution. There are
many benefits associated with ADR, not the least of which is
reduced costs, which is advantageous to your bottom line. If you
are thinking about ADR but are not yet convinced, the list below
highlights a few more of the benefits of ADR.
Confidentiality: Most times, ADR
allows you to remedy your situation outside of the public eye,
which helps protect your business reputation
Flexibility: Working outside of
Alberta's courts gives you the power to arrive at a creative
yet effective solution
Compliance: When two parties in
conflict can arrive at a solution by working together, there is a
better chance of compliance on both sides
Preserving associations: Finding a
solution through ADR promotes continuing your relationship,
lessening the damage on both sides
Staying in control: Unlike the
strictness of court proceedings, ADR gives you the power to control
the process and the outcome
One important point to know is that you do not have to enter
into dispute resolution unprotected. You can still acquire
the support and advocacy of a business lawyer. This ensures
that your best interests remain protected and that the advice you
receive will be clear and objective.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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