Materials to Supplement Textbook Chapter 4 Materials to Supplement Textbook J. Pittman, Instructor

Jeffrey Pittman - Legal Environment of Business ADR Considerations Compare litigation to ADR on the following: Cost Time Privacy Bitterness Jeffrey Pittman - Legal Environment of Business

Possible Disadvantages of Arbitration The following points are possible disadvantages of arbitration versus litigation Lack of appeal rights (but appeals are expensive and time consuming) Lack of full discovery (but discovery is expensive and time consuming) Lack of evidentiary standards “Hidden” arbitration clauses (but truly hidden arbitration agreements may be unenforceable) Jeffrey Pittman - Legal Environment of Business

Possible Disadvantages of Arbitration Lack of knowledge regarding the arbitrator’s background (but the parties select the arbitrator; judges are appointed and may also be a mystery) Lack of precedent Jeffrey Pittman - Legal Environment of Business