Explain the pros and cons of each approach


I sell tax services to corporations. I sign a new clientto a one-year contract. This new client, is my largest client andcan possible refer me to other large clients.

Half way through the contract, the client decidesthat he wants to give the tax business to a new friend that he madeat a bar. Assume that this action is a material breach of thecontract.

  1. Should I litigate/sue or seek redress under a form ofalternative dispute resolution ?
  2. Explain why you think that your choice is the best froma BUSINESS standpoint.
  3. Explain the pros and cons of each approach.

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Accounting Basics: Explain the pros and cons of each approach
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