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Disputes between partners

Internal Dispute Resolutions Team Work DiscussionIf there is no dispute resolution clause in your partnership agreement, you can think about going to court straightaway. Decisions of courts are legally binding.

But, before deciding whether to go to court, you may want to consider the cost of litigation and how it compares to your expected award.

You do not have to go to court. You can try to come to an agreement with your partner yourself or you can use a mediator. You are free to end the mediation at any time.

If you are unable to resolve your dispute using mediation, and the partnership agreement allows, you can use arbitration. The difference between an arbitration court and an ordinary court is that the arbitration court uses the international trade principles, while a court will make decisions according to the domestic law.

 

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