Joint ventures, partnerships and project contracts where parties have to work together for a period of time often contain tiered dispute resolution clauses. These set out a series of procedures for parties to follow in order to resolve any dispute without commencing proceedings. These clauses can serve a valuable purpose during the operation of the relevant contract as they allow issues to be resolved quickly in a manner that maintains the parties' working relationship.
January 24, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Clarity about minimum requirements from proceedings allows parties to protect against risk, says Richard Little
Joint ventures, partnerships and project contracts where parties have to work together for a period of time often contain tiered dispute resolution clauses.
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