A 'classic' circumstance where a dispute can and often does arise is in the determination of goodwill for an associate or partner who retires from a practice. It is difficult to take preventative steps that will always minimise the chance that a dispute will arise in relation to goodwill on resignation. In this and other significant examples of disputes, practice principals should at least be aware of the so-called Commercial Arbitration Acts that apply in each state. Arbitration is a procedure where a dispute is referred to an independent third party for determination after hearing both sides in a 'judicial' manner. Arbitration has a number of benefits including The dispute is settled without undue delay, and usually much quicker than through the courts.
Publicity is avoided as proceedings are private.
Proceedings are less formal and complex than those of a court. Contact the author.