For tiered dispute resolution clauses to work, it is vital to make processes clear
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.
Clarity about minimum requirements from proceedings allows parties to protect against risk, says Richard Little
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