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ARTICLE · 22 MARCH 2011

Where Present and Future Generations Unite for Success

"It's not personal, it's just business." Whoever invented this oft-repeated cliché must not have worked for a family business. In fact, when owners or employees of a business are part of the same family, conflict resolution is almost always personal.

United StatesLitigation, Mediation & Arbitration
As seen in the March issue of Goering Center for Family and Private Business E-Newsletter.

"It's not personal, it's just business." Whoever invented this oft-repeated cliché must not have worked for a family business. In fact, when owners or employees of a business are part of the same family, conflict resolution is almost always personal. As a result, many family business disputes can prove to be extremely difficult to resolve short of expensive litigation.

The good news is that with a little bit of planning, most family businesses can avoid costly public disputes by using Alternative Dispute Resolution, or ADR. ADR is a procedure for settling a dispute by means other than litigation. The most common forms of ADR are mediation and arbitration.

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