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Handling contract disputes in your business

Contracts provide those minute details that cover every possible outcome of an agreement between two parties. Contracts are legally enforceable in the eyes of the law, so upholding the expectations is very important. As a business owner, if you find yourself facing a contract dispute, it may be in your best interest to find a quick and amicable resolution to avoid hits to workplace productivity.

 

Chain of command

If a conflict emerges, the best approach is to keep your composure, but address the conflict quickly. This is best done through informing the chain of command. Someone in your leadership team should be able to help diagnose the conflict and assign the right representative to work with the other side on a resolution. For a list of additional examples, read here.

Conflict, however, is in our nature, and it’s a critical part of doing business. Those who know how to harness the power of conflict are well-rewarded. Knowing how to handle conflict does not mean that you seek it out. Knowing how to harness the power of conflict sets you apart from the clear majority who are conflict-averse. Conflict is going to happen in business, so here are some tips that will help you embrace conflict and use it for good.

Tips on handling conflict

Mike Kappel, contributing writer for Entrepreneur.com has provided six strategies to resolve conflicts at work. Embracing these strategies could be beneficial in contract disputes.

  • Embrace conflict
  • Talk together
  • Listen carefully
  • Find agreement
  • Provide guidance
  • Be quick to forgive

Even if both sides follow these six strategies, some contract disputes will ultimately end up in litigation. In that case, employing a great litigator will get you back on track in no time.

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