LGS 200 Lecture Notes - Lecture 3: American Arbitration Association, Arbitration Clause, Online Dispute Resolution

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Negotiation- a process in which the parties attempt to settle their dispute informally, with or without attorneys to represent them. Mini trial- private proceeding in which each party"s attorney briefly argues the party"s case before the other party. Early neutral case evaluation - the parties select a neutral third party (generally an expert in subject matter of dispute) to evaluate their respective positions. Facilitation - a third party assists disputing parties in reconciling their differences. Mediation- neutral third party acts as a mediator and works with both side in the dispute to facilitate a resolution. Arbitration - an arbitrator(a neutral third party or a panel of experts) hear a dispute and imposes a resolution on the parties. Arbitration clause - specifies that any dispute arising under the contract will be resolved through arbitration rather than through the court system. Mandatory arbitration and class action waivers in credit-card contracts.

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