Conflict Avoidance Flashcards
Why does good record keeping help with resolving disputes?
Documentation of agreements, transactions, and communications.
Evidence of contractual obligations and responsibilities.
Aid in dispute resolution efficiency.
What is adjudication?
Statutory dispute resolution process in UK construction.
Rapid and cost-effective.
Typically resolves disputes within 28 days.
Decisions enforceable by courts.
What is arbitration?
Private dispute resolution outside court.
Parties appoint arbitrator.
Decision binding and enforceable.
Offers flexibility, confidentiality, and expertise.
What is litigation?
Dispute resolution in court.
Parties present case to judge.
Judgment legally binding.
Formal and public process.
What are the key differences between arbitration and litigation?
Private dispute resolution.
Arbitrator’s binding decision.
Litigation in court.
Judge or jury’s enforceable decision.