When a family disagrees over company shares, contracts, or jointly owned assets, arbitration may be an option in some cases. It cannot replace the courts for every dispute or every inheritance matter.
First, Identify the Type of Dispute
Clarify whether the issue concerns a contract or business, property rights, or personal status and estate administration. Then check whether the contract contains an arbitration clause and whether every relevant party is a party to that contract.
Before Agreeing to Arbitration
Read the clause’s scope, costs, location, language, method for selecting an arbitrator, and the effect of an award. If the dispute is outside the agreement or the law does not allow it to be decided by arbitration, court proceedings or another process may be required.
Options for Resolving the Conflict
List the issues the parties agree and disagree on, and collect contracts, property documents, and company resolutions. Ask a lawyer to assess whether negotiation, mediation, court proceedings, or arbitration may be available.