Resolving disputes is not just a quality of a good leader—it is a trait that needs to be adopted by successful business owners. At the heart of your business is the premise that you make more money than you spend over a designated period. Although that is a deliberately simple business model, it highlights the fundamental premise that you must mitigate your losses.
Profit losses can come in a multitude of forms. One that gets overlooked is business disputes. They may be based on a firm disagreement between two parties, resulting in litigation and lost revenue.
Contractual Disagreements
Contractual agreements exist on a variety of levels. They may govern the type of working relationship that you have with an employee or an arrangement you have with another vendor or company. Even a severance agreement is, essentially, a contract. Regardless, they could result in financial losses—especially if the cost of going to court outweighs what you could potentially gain from winning.
Have your contracts work around you and your circumstances. In other words, have an attorney draft your contracts to fit your unique needs and requirements. An experienced attorney benefits from foresight due to past situations he has encountered and seen. Protection doesn’t happen by accident. It is the result of a deliberate plan and writing it accordingly.
Employee Disagreements
In terms of money in/money out, human capital and employees will likely be your largest expense. Common examples of these include:
- Discrimination/Harassment/Retaliation Claims
- Wage or payment disputes
- Non-compete and severance disagreements
In addition to the financial costs associated with these disputes, they may also require significant time and focus. Rather than investing your mental resources and physical time into growing and building, you are forced to devote it to preventing losses.
When it comes to discrimination, retaliation, and harassment, you need to focus on prevention. It is what is best for your employees and your business. Attorneys can review and analyze your employee handbook and general practices to ensure that you follow the law.
Law Offices of Robert Dawson
The Law Offices of Robert Dawson offer professional legal services for both employment law and litigation—to include business disputes. Our goal is the same as yours: to resolve your issue efficiently so you can focus on making your business successful. To speak with an attorney, contact The Law Offices of Robert Dawson to schedule your consultation.
Law Office of Robert Dawson
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