Management and Organizational Studies 2275A/B Chapter Notes - Chapter 4: Alternative Dispute Resolution, Arbitration, Judgment Debtor
Document Summary
Dispute resolution the options for resolving a legal dispute alternative dispute resolution the litigation process. After studying this chapter, you should have an understanding of: how business activities may lead to legal disputes. A risk management plan that is well developed and carefully implemented can minimize the number of disputes that arise and provide guidance for dealing with those that do. Legal disputes should be approached with a view to achieving an acceptable resolution, rather than winning at all costs. There are a wide variety of techniques for resolving disputes that avoid litigation altogether or enable the parties to minimize damage to the businesses and their commercial relationships. The parties can negotiate their own resolution, or, if that is not possible, they can involve another person as a mediator to assist them or as an arbitrator to make a decision for them.