four and five BUL Flashcards
adversarial negotiation
each party seeks to maximize its own gain
alternative dispute resolution (ADR)
resolution of legal disputes through methods other than litigation
arbitration
the resolution of a dispute by a nuetral third party out side the judicial setting
binding arbitration clause
a provisional in a contract that mandates that all disputes arising under the contract must be settled by arbitration
med-arb
dispute resolution process in which the parties agree to start out in mediation and, if the mediation is unsuccessful on one or more points, also agree to move on to arbitration
mediation
the disputing parties select a neutral party to help facilitate communication and suggest ways for the parties to solve their dispute
minitrial
involves a neutral third party. Lawyers for each side present their arguments before representatives and the neutral advisor, who then offers an opinion as to what the verdict would be if the case went to trial.
negotiation
bargaining proces in which disputing parties interact informally, either without lawyers, to attemp to resolve their dispute
private trial
a referee is selected and paid by the disputing parties to offer a legally binging judgment in a dispute
problem solving negotiation
the parties seek joint gain
submission agreement
a contract providing that a specific dispute will be resolved through arbitration
summary jury trial
abbreviated trial that leads to a nonbinding jury verdict
commerce clause
located in Article I, Section *, of the constitution. This clause states that the US Congres has the power to “regulate Commerce with foreign Nations, among the serveral States, and with Indian Tribes.”
commercial speech
speech that conveys information related to the sale of goods and services
concurrent authority
both governments have the power to regulate the same subject-matter