Conflict Avoidance Flashcards
What is the difference between arbitration and adjudication?
Arbitration is both sides agree to let an impartial third party, the arbitrator, decide the case. Can be a lawyer or expert in field. Decision is legally binding, takes place outside of court.
Adjudication is usually a court based litigation, legally binding, long process, usually more expensive
What other types of informal and formal ADR are there?
informal - Negotiation, mediation
formal - arbitration, adjudication
What are the advantages/disadvantages of ADR?
Negotiation - cheap, no independent party
Mediation - informal, cheap
Arbitration - legally binding, cost effective
Adjudication - Expensive, legally binding
Can you give me an example of good client management?
Set out brief early, good communication, set out expectations early, regular meetings
How does mediation work?
3rd party mediator negotiates between parties, voluntary, legally binding if agree it is beforehand
Is mediation legally binding?
No
What is adjudication?
Dispute resolution mechanism that applies to construction industry. Legal process of a dispute, carried out in court. Decision is binding
What is expert determination and is it legally binding?
Technical expert makes binding decision (unless parties agree before decision isn’t binding), based on information submitted.
What is arbitration and is it legally binding?
Independant party outside of court makes binding decision on parties dispute.
RICS have a statement on conflicts of interest, what are the 3 areas of conflict?
- Party Conflict
- Own Interest Conflict
- Confidential Information Conflict
What is the redress scheme and when would you use it?
It is the final stage of a complaints handling procedure, used for consumer to business complaints. Property ombudsman is one scheme that can be used to handle complaints
When would ADR be used?
Used to solve disputes, business to business complaints. RICS Dispute resolution service is a scheme you can use
What is negotiation?
Problem solving efforts of parties themselves
What is a conflict of interest?
a set of circumstances that creates a risk that an individual’s ability to apply judgement or act in one role is, or could be, impaired or influenced by a secondary interest.
What are the four types of negotiating outcomes?
Lose-lose, win-lose, stalemate, win-win