Examination Timing: 00H00M01S
Thomas, a property developer, has a contractual dispute with a contractor over delays in construction. He wants to resolve the dispute without going to court.
Which dispute resolution method would be most suitable for Thomas?
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Arbitration is a suitable method for resolving contractual disputes without going to court. It involves a neutral third party (the arbitrator) who hears both sides and makes a binding decision. This method is often preferred in commercial disputes due to its efficiency and confidentiality.
Key Point: Arbitration is an alternative dispute resolution method that offers a binding resolution, often preferred in commercial disputes for its efficiency and confidentiality.
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