Dispute Resolution Clauses

Dispute resolution clauses are sections in contracts that specify how any disagreements between the parties will be handled. They outline processes such as negotiation, mediation, arbitration, or litigation to resolve conflicts efficiently and fairly. These clauses aim to reduce uncertainty, manage costs, and provide clear steps for settling disputes without resorting to lengthy court battles. Essentially, they set the rules in advance for resolving disagreements, helping both sides understand their options and responsibilities if conflicts arise during the agreement.