The opportunity to settle things outside of a courtroom is important to consider whenever you are facing litigation. You can save a ton of time, money, and energy by pursuing the alternatives to litigation, particularly if you have a great real estate lawyer in NYC providing legal advice. Litigation should be viewed as a way to resolve a dispute when all of the other options aren’t viable. Below, we are going to walk you through 3 of the best alternatives to litigation so that you are always aware of your options and can make the right decision for your business.
One of the best alternatives to litigation is arbitration. It essentially provides the same benefits of traditional litigation without heading into an actual courtroom. It’s a reasonably priced alternative to litigation that uses evidence, witnesses, and arguments to get to the bottom of the dispute. Heading into court can be a time-consuming and costly endeavor, which is why you should always keep arbitration in mind when you are dealing with a legal dispute. Make sure you have a great New York real estate attorney helping out with your arbitration if you are in need of legal guidance.
Another classic alternative to litigation is mediation, which involves using a third party mediator to help both parties come to a mutually beneficial solution. Compromise is key when it comes to mediation. The great benefit of pursuing mediation instead of litigation is that you will be handling the decisions yourself instead of leaving it all up to a court of law. Keep in mind that agreements in mediation are voluntary and that you might not be able to figure it all out with your mediator.
The last alternative to litigation that we will mention is using partial stipulation to resolve the issue. This is essentially settling things outside of court with the help of attorneys. If there are certain issues that can easily be resolved with partial stipulations, it makes sense to get them taken care of instead of spending more time in court. Make sure your New York real estate attorney is open to partial stipulations so that you can avoid litigation if possible.
We hope this article has given you some great insight into the alternatives to litigation. Remember that you don’t always have to leave things up to the court when it comes to legal disputes. If you need further assistance, reach out to Gary J. Wachtel, one of the best real estate lawyer in NYC.