At your initial consultation, a business disputes attorney in Chicago Illinois can explain the options that you have to resolve your dispute. He or she can also explain the pros and cons of each option. While your business disputes attorney in Chicago Illinois can make recommendations based on the particular circumstances of the case, you are ultimately in charge of how to proceed with your case. Your options may include:
Once you retain a business disputes attorney, you have an advocate who will act on your behalf. He or she can communicate with the other party or his or her counsel if represented. He or she can initiate or respond to settlement offers in order to negotiate the best outcome for your case.
Mediation is a process in which the parties come together and try to work out a solution to their problems. Both parties may be represented by counsel so that they will have a good understanding of their rights and so that they can receive timely legal advice. This method is effective for parties who want to maintain a relationship or who want to avoid the cost and time of a trial.
Arbitration is a process that the parties can voluntarily enter into that allows them to choose the decision maker who will decide the case. Arbitration agreements are sometimes written into other contracts.
Litigation is usually the most expensive and time-consuming option. However, it is sometimes the only way to ensure that a competitor stop certain action, a customer pay its bill or an agreement is enforced.