MGMT 263 Lecture Notes - Lecture 8: Alternative Dispute Resolution, Root Mean Square, American Arbitration Association
Document Summary
Early case assessment: you"ve got to know when to hold em, know when to fold em . Alternative fee arrangements: like how so rms have the only pay us if you win terms, companies can also set up something like that with their lawyers. Alternative dispute resolution programs: can save businesses a lot of money, can address motivations for lawsuits and satisfy. Downsides of litigation: cost, delay, reputation of our system, publicity, excessive awards, can be ill suited to complicated issues, acrimony/polarization, lack of nality, enforceability of judgements. Dif cult to enforce the judgment sometimes, even if you win, because you have to go through the methods of getting the money. Either in advance by the terms of their contract. Or after a dispute arises: to submit the dispute to a neutral third party. Sometimes can have three neutrals to listen to the different sides: who will hear bother dies and render a binding decision, that is usually not appealable.
