COMPLETE SOLUTIONS VERIFIED LATEST UPDATE
____ is a legal alternative to litigation (alternative conflict resolution); may be
voluntary or specified in a contract
arbritration
Parties in a dispute present their positions to a neutral third party fort resolution,
also known as a
arbitrator
results of arbitrations can be
binding or non binding
with binding arbitration, the decision of an aribitrator can be converted into a
legal judgement
purpose of arbitration is to
reach a discussion
mediation purpose is to
reach a compromise
the advantages of arbitration is that it
permits all participating parties and the arbitrator to observe any damage or other
problems for themselves - particularly useful in determining fault
arbitrators are not bound by
legal precedent
, arbitration saves time, is flexible, and usually
less costly than trial
arbitration can usually be conducted in a___ so others will not be aware of its
proceedings
private setting
the choice of an arbitrator as defined in a contract may limit the options of
individuals to select an arbitrator therefore arbitration panels may not be
balanced
critics argue that arbitration can be unfair to an individual in a dispute with a
large organization
alternative conflict resolution option; goal is to reach a compromise that is fair
and acceptable to both sides in a dispute
mediation
the mediation process is ___..
less formal than arbitration
mediator has ____
no power to impose a solution
mediated agreement is not ____ unless ordered so by a court
legally binding
in mediation there are no
formal rules of evidence or set procedures to follow, but legal representation is common
arbitration uses rules of evidence and procedures that are less formal than those
followed in