What types of disputes commonly arise in Small Business?

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What types of disputes commonly arise in Small Business?

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In every small business, disputes will arise as part of your business relationships with suppliers, landlords, partners, or customers. The types of disputes vary by industry, however they generally fall into a number of broad categories. • Financial The fundamental cause of business disputes is poor profitability. The reasons for a decline in profit can be market driven or resulting from the actions of one of the parties, either way it often results in disputes over the ability and/or willingness to pay accounts. Refer to case studies – Banking and Government • Breaches of Specific Terms of the Contract Contracts can vary from a simple supply agreement to a more restrictive business format franchise, however, they all place obligations on the parties to meet performance standards. Disputes may range from serious (eg. breach of termination provisions) to every day disputes (eg. involving the provision of goods and services). Refer to case study – Franchising • Products Goods or services