Why dispute resolution provisions matter in contracts
01 May 2024, Mark le Riche, Millisanté de Wee
No one enters into marriage anticipating divorce. Similarly, when parties negotiate and conclude a commercial contract, the last thing on... their minds is a dispute that may arise in future. However, just as divorce happens, so contractual disputes are commonplace. Selecting suitable dispute resolution mechanisms in your contract is therefore crucial to navigating any future disputes. In this article, we touch on various dispute resolution mechanisms available to parties involved in commercial contracts.