One common sense approach to preventing contractual conflicts involves introducing a standing neutral expert into your buyer-supplier’s ongoing governance structure. A standing neutral is a trusted, independent expert adviser (or a panel of three advisers) chosen by contracting parties to help avoid or resolve disputes between them during the contractual relationship. 1 He or she is quick, informal, flexible, adaptable, non-adversarial, neutral, and uses preferably nonbinding strategies. A standard neutral expert can collaboratively resolve any differences in real-time when issues are still small. Ultimately, they provide the most effective and efficient pathway for governing modern commercial relationships.
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