Chapter 4 Flashcards

1
Q

Alternative Dispute Resolution (ADR)

A

a range of options for resolving disputes as an alternative to litigation, most common are negotiation, mediation, and arbitration

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2
Q

Release

A

an agreement where a party agrees to relinquish the past, present and future claims arising from a certain event. Binding on the parties unless it is grossly unfair or unconscionable

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3
Q

Mediator

A

a person who helps the parties resolve their dispute

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4
Q

Arbitration

A

arbitration is a method for resolving whereby a third person appointed by the parties makes a decision.

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5
Q

Binding

A

final and enforceable in the courts

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6
Q

Plaintiff

A

the party that initiates a lawsuit against another party

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7
Q

Defendant

A

The party being sued

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8
Q

Limitation Period

A

the time period specified by legislation for commencing legal action

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9
Q

Class Action

A

a lawsuit launched by one person who represents a class of persons having similar claims against the same defendant

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10
Q

Pleadings

A

the formal documents concerning the basis for a lawsuit

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11
Q

Claim

A

the formal document that initiates litigation by setting out the plaintiff’s allegations against the defendant

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12
Q

Negotiation

A

two parties sit down and try to settle things between themselves

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13
Q

Mediation

A

third party helps to mediate a solution – facilitate discussion but not making decisions

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14
Q

Arbitration

A

similar to mediation, similar to litigation – the third party here listens to both sides’ positions in a more formal way including evidence, witnesses, etc. and then arbitrator has authority to make binding decision

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15
Q

Litigation

A

third party judge, public knowledge, no control for the parties but it is an absolutely final, legally binding decision

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