I'm in a difficult situation and trying to figure out my next steps.
vendor missed delivery deadline. I've been dealing with this for about 9 months now and the situation isn't improving.
The contract was signed 20 months ago. I have a copy of the original agreement. The total amount in dispute is approximately $28,000.
What are the risks if I pursue this? What's the likely timeline?
Been there. Here's what I learned.
The #1 mistake I see here is having everything documented. I'd recommend keeping a detailed timeline instead.
Important clarification on arbitration: if your contract has a mandatory arbitration clause, you generally CAN'T sue in court. But here's the thing — filing for arbitration is often MORE intimidating to companies because they have to pay the arbitration fees (often $3,000-5,000 for the company's share). Use this to your advantage.