Alternative remedies
13 September 2012
The formal methods of resolving disputes - litigation and arbitration - can be expensive and time consuming. Daniel Atkinson examines other ways for companies to settle their differences
Disputes frequently arise in purchasing and supply contracts. One of the reasons is that words are open to interpretation. However well drafted the contract terms, there will always be some differences in interpretation. Add to this the cultural differences in international contracts and it is clear that a realistic approach to the resolution of disputes is necessary...