Alternative Dispute Resolution Flashcards

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0
Q
  1. Mediation
A

Employ a 3rd party to relay messages

  • mediator can’t offer solutions
  • parties must make decision
  • not legally binding unless contract signed
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1
Q
  1. Negotiation
A
  • 2 parties try and reach agreement
  • no 3rd party / lawyers
  • amicable, cheap, informal, friendly, quick
  • not legally binding or enforceable
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2
Q
  1. Conciliation
A

Employ 3rd party to help reach a compromise

  • 3rd party can offer solutions
  • quick and potentially cheap
  • not legally binding unless agreements signed
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3
Q
  1. Arbitration used in two ways

- formal hearing or by post

A

Both parties agree to abide by decision if person other than judge. Arbitrators usually an expert in the field in dispute, decision can be enforced by court

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