Definition: [ˈbɪznəsˌdɪˈspjuːts] are conflicts between partners related to joint business management. Similar contradictions arise because of the desire to revise the previously adopted agreement or the future of the company. Such turmoil can take place both between trade co-owners and with respect to customers or suppliers. There are several ways to solve the problem. You can go to court or use the services of arbitrators and intermediaries. Arbitration and litigation differ in observance of formal procedures, whereas mediation offers a freer manner of communication.
Business disputes in a Sentence:
- As a rule, businessmen try not to bring a business dispute to the courtroom.
- One of the latest trends is the desire to attract intermediaries to quickly resolve a business dispute.
Synonyms and related words: trade conflicts, commercial disputes, business litigation