North Carolina Disputed Open Account Settlement

State:
Multi-State
Control #:
US-01794
Format:
Word; 
Rich Text
Instant download

Description

Disputed Open Account Settlement: A Disputed Open Account Settlement states that both the Debtor and Creditor have been disputing a certain amount in controversy. However, by signing this contract, both sides agree to compromise their positions in order to reach a mutual understanding and agreement. This form is available in both Word and Rich Text formats.

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FAQ

In some types of cases, North Carolina law requires that the litigants to engage in mediation before a lawsuit is filed. Those types of cases include farm nuisance disputes, some insurance claims, public records disputes, and condominium and homeowners' association disputes.

Under North Carolina law, mediation is mandatory in cases that involve equitable distribution. The majority of equitable distribution cases filed in Buncombe County are settled outside of court, either through negotiations or mediation.

Only at the time if recording his evidence his presence in court is compulsory.

A Dispute Resolution Conference (DRC) is a process used to assist in the early resolution of care applications other than judicial determination. It is a form of Alternative Dispute Resolution (ADR) and is therefore a confidential process.

In some types of cases, North Carolina law requires that the litigants to engage in mediation before a lawsuit is filed. Those types of cases include farm nuisance disputes, some insurance claims, public records disputes, and condominium and homeowners' association disputes.

While courts can mandate that certain cases go to mediation, the process remains "voluntary" in that the parties are not required to come to agreement. The mediator does not have the power to make a decision for the parties, but can help the parties find a resolution that is mutually acceptable.

A judicial settlement conference is an informal process in which a retired circuit court judge, trained in mediation and settlement conference skills, actively facilitates a process whereby parties in conflict may reach a mutually satisfactory resolution.

Arbitrator listens to facts and evidence and renders an award. Mediator helps the parties define and understand the issues and each side's interests.

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North Carolina Disputed Open Account Settlement