resolución de disputas
Definition
Dispute resolution refers to the various methods available for settling disagreements between parties without necessarily going to court. Common approaches include negotiation between the parties themselves, mediation where a neutral third party helps both sides reach an agreement, and arbitration where a neutral decision-maker hears both sides and issues a binding ruling.
Example
If your supplier refuses to refund you for a defective shipment, dispute resolution gives you structured options for resolving that conflict before you spend thousands of dollars on a lawsuit.
Watch Out
Many contracts include a dispute resolution clause that locks you into a specific method like arbitration, which means you may give up your right to sue in court before a dispute ever arises.
See which terms appear in your contract?
This definition is for informational purposes only and does not constitute legal advice. Please consult with a licensed attorney for legal guidance.