Time is money and a dispute could turn out to be expensive, time consuming and outright disastrous if not dealt with properly. Every organisation comes across numerous disputes with various parties including suppliers, creditors or even clients, even when utmost care is taken. Hence it becomes critical that there is an effective mechanism to resolve disputes in Business.
Alternative Dispute Resolutions
One such effective mechanism is Arbitration. Arbitration helps resolve disputes in a smooth and efficient manner by bypassing the cumbersome process of litigation. The arbitrator’s award is final and binding on both parties. CS Sandeep Jayachandran is an accredited commercial arbitrator.