BMGT 380 Lecture Notes - Lecture 14: Compulsory Arbitration, Jury Trial

• School: University of Maryland
• Department: Business and Management
• Course: BMGT 380
• Professor: Jennifer Gershberg

Document Summary

Alternate dispute resolution: pros: quicker, lower costs, lesser strain on courts, expert decision makers, potential for compromise, criti(cid:272)s: sloppy, (cid:271)iased, ruli(cid:374)gs are (cid:862)se(cid:272)o(cid:374)d (cid:272)lass(cid:863) Settlement: sensible compromise, d. pays p. to drop case, court must approve it for it to be enforceable. Mediation: third party facilitates, does(cid:374)"t (cid:373)ake de(cid:272)isio(cid:374, mediation agreement. Summary judgment trial (cid:894)(cid:862)this is what would happen if you sued(cid:863)(cid:895: gives parties dose of reality with brief mock jury trial, nonbinding, encourages settlement, can still sue after. Informal, brief trial to promote settlement: present case to senior management from both sides, then they negotiate. Early neutral evaluation: early evaluation by an expert lawyer.