Contract disputes can arise when parties disagree on certain terms and conditions in a contract. The dispute can also be triggered when one party accuses the other of violating the contract. In order to settle the contract, either party can use a legal mechanism such as arbitration or mediation. Using a contract lawyer is also a way to avoid disputes.
Contract disputes can take many forms, from small to major. These include contractual failures, contractual non-performance, and non-compliance with a contract’s terms. However, some contract violations may be more important than others. For example, a consumer can sue for breach of contract if they are unable to get a product they purchased in a timely manner. A contractor can also face a dispute if they work on a project prior to a formal contract being signed.
Some of the most common types of contract disputes are related to construction. Typically, the parties involved in a construction contract are claimants. They can sue for damages, or they can seek to have the contract terminated. When a contractor fails to perform a specific action as per the contract, the government can also terminate the contract.
One of the most common construction disputes involves the issue of delays. Whether or not the delay is the responsibility of the contractor is up for debate. Typically, the contract details who is responsible for the delay and how much they are liable to pay.
There are several other factors that can contribute to disputes. One of the most common reasons is misreading contract terms and conditions. If the terms of the contract are not clearly understood, the consequences can be dire. Besides causing litigation, failing to comply with the terms of a contract can also lead to a violation of a federal or state law.
In addition to the usual legal and administrative issues, there are also social and cultural factors that can affect a dispute. For example, in some countries, it is more acceptable to have contracts with formal steps instead of informal ones. It is therefore important to understand the importance of contract terms and the role they play in judicial decisions.
Depending on the circumstances, the most effective method of settling a contract dispute is through mediation. Unlike arbitration, mediation is less expensive and takes less time. Also, it is more likely to result in settlement. Mediation is often conducted by a neutral third party. Often, healthcare executives or lawyers are appointed as mediators.
Using text mining, we identified terms, phrases, and other related items commonly used in legal cases. We then extracted relevant contract provisions and split the cases into coherent parts. Each part was analyzed using a document-term matrix and a lexicon. Text mining enabled us to identify the most frequent and most popular terms, and to identify their relationship with each other.
Another useful tool is topic modeling. This technique identifies the most common contract conditions, their significance, and their significance in a particular legal case. Ultimately, this information will help parties avoid disputes.
