Chapter 4
What are some of the advantages of taking a dispute to court? What are some of the disadvantages?
Negotiation—informal process in which the disputants discuss and try to work out their problem Requires (1) sincere interest to resolve; (2) clear identification of issue and (3) ability to view from other’s perspective Examples?
Mediation—a third party helps the disputing parties talk out their problem and helps them find solutions Mediator cannot impose a settlement on the parties Advantages—helps take emotion out of the process; independent ideas are received more favorably by parties Disadvantages—may not work; cost
Arbitration—a binding process where one or more selected persons hear evidence/arguments and make a decision Often provided for in contracts Advantages—speed, expense (compared to court); more reasoned decision Disadvantages—no right of appeal
Pair up and work on problem 4.1 Write up answers and turn in for class participation Make sure both names are on the paper!