A dispute has arisen between business entities with a lengthy relationship, and each would suffer economically if the relationship were to suddenly end. What procedure should first be employed to attempt to maintain the relationship and quickly resolve the dispute?
A) Consult with accountants to determine whether the company can afford litigation.
B) Refuse to compromise and look for alternate business relationships.
C) Attempt to negotiate a direct resolution with the goal of achieving a formalized settlement agreement if necessary.
D) Ask the company lawyer to commence litigation.
Correct Answer:
Verified
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