New York contract disputes can be unnerving and may undermine a person’s business. In the area of commercial real estate, there are, of course, a number of contracts and contractual relationships between parties. Contracts define the relationships, agreements, rights and obligations that may exist between parties related to the purchase or sale of property, closings, mortgages, refinancing, foreclosures and leases.
Commercial real estate and the development and enforcement of contracts can be complex and involve a number of different parties. Because of this, when a contract dispute or commercial real estate dispute arises, there may be different options available to address the dispute and bring about an outcome favorable to the parties.
Real estate litigation may be one option to resolve a contract dispute related to some aspect of commercial real estate. Additional options, such as arbitration or mediation, may also be available and, in some circumstances, may be required or preferable. The goal of handling any contract dispute is arriving at an outcome all the parties can live with and an outcome that protects the parties and allows them to move forward in a productive manner.
For those who are facing a real estate contract dispute, it is important to be fully aware of the different options available for resolving the dispute. Because of the complexity contract disputes can sometimes entail, it is important thoroughly understand the legal nature of the dispute and the legal resources available to resolve the dispute in a favorable fashion, whatever the problem may be.