Disputes Resolution

Question 1

Process of litigation

Answer 1

Party serves summons to B
-party appears in covert and presents evidence
- after hearing court rules

Question 2

Downsides of litigation

Answer 2

1 requires expert witness and judge must decide between witness
2. Expensive due to legal cost
3. Timely descriptor construction
4. Potential for unjust outcome

Question 3

Arbitration factors

Answer 3

1. Parties agree to submit dispute to 3 Rd parties
2. Can be listed in contract data or chosen at time of dispute
3. Can conduct proceeding as seen fit but both parties must le present make and case
   And must not benefit from proceedings
4. Judgement is final and binding

Question 4

Advantages of arbitration

Answer 4

Arbitration has expert knowledge
Private
Faster
Less expensive I
Based on justice and fairness