Following are types of dispute resolution process :
Advantages :
Binding Arbitration :
Pros- Cheaper as compared to litigation and also disputes resolved in time bound speedy manner and information is strictly confidential.
Cons- parties cannot go back to courts for re hearing. Familiarity with arbitrator and hence favoritism . If multiple parties and arbitrator are involved time taken is generally more than in litigation.
Alternatively one can use Mediation or Conciliation process where third party assistance and neutral conciliatory judge guides both parties on fairness and impact.
Mediation Arbitration Process:
Advantages - avoids high cost and unpredictable outcomes as well as saves considerable cost as against litigation.
Disadvantage - procedures are not legal precedent and hence if arbitrator makes mistake it cannot be overruled or reheared in court. Secondly if multiple arbitrator are involved it may cost more and lead to complexity.
3 steps of civil litigation before adjudication :
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List AND define eight (8) types of dispute resolution processes. What are the advantages (list at...
The Case of Cooter’s Alternative Dispute Resolution Cooters Restaurant used an alternative dispute resolution program. Employees of Cooters had to sign an “agreement to arbitrate employment-related disputes” to be eligible for raises, transfers, and promotions. Under the agreement, both Cooters and the employee agreed to resolve all disputes arising out of employment, including “any claim of discrimination, sexual harassment, retaliation, or wrongful discharge, whether arising under federal or state law,” through arbitration. In a separate policy document not...
Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...