Explaining the alternate dispute resolution

Reference no: EM1335476

Not sure what the best choice is from a business standpoint. I sell tax services to a corporation. I sign a new client to a one-year contract. This new client is my largest client and can possible refer me to other clients. Halfway through the contract, the client decides that he wants to give the tax business to a new friend that he made at a bar. Assume that this action is a material breach of the contract.

a) Should I litigate/sue or seek redress under a form of alternate dispute resolution?

b) Explain why you would choose this from a business standpoint?

Reference no: EM1335476

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