As the domestic and global economies expand and integrate, there will be more stringent regulations, higher standards of accountability, and fiercer competition. The interaction of these dynamics produces difficulties that can test an organization’s fortitude and impede its progress, increasing expenses and liabilities and necessitating the best possible prevention of disputes as well as their prompt and effective resolution. The process of resolving conflicts between the parties is known as dispute resolution. One of the most popular subfields in law is this one. It has evolved into a tool to settle conflicts between opposing parties in the courts. In law firms, there are primarily two ways that disputes are resolved.
The dispute resolution practice closely collaborates with the firm’s other practices to give clients specialized, practical guidance that is also commercially sound. It involves methods and procedures for resolving disputes without going to court and gives parties the power to cooperate within a framework to amicably resolve complicated problems. Negotiation, mediation, conciliation, arbitration, and private judgment are the most popular ADR techniques. The formal process for settling disagreements between landlords and tenants, known as dispute resolution, is comparable to a court case. When they are unable to agree to a tenancy, landlords and renters may file a request for dispute resolution. A dispute resolution lawyer in Mumbai is playing a key role to handle such cases.