Notes2 - Bodeeny8_47@yahoo.com Awais Mahmood 10/15/2007...

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Bodeeny8_47@yahoo.com   Awais Mahmood 10/15/2007 Alternative  Dispute Resolution: Negotiated Settlements Business  tend to lean toward settling because it is not good for business to engage in disputes with consumers and juries  are more often sympathetic to individuals, not companies.  Negotiated settlements typically take two forms: a) Position-based Negotiations: each side states what they want from other and they typically negotiate  to someplace in the middle. Because parties become “anchored” to expectations – this method sometimes  doesn’t work. b) Interest-based Negotiations: this requires the parties to explore other factors related to their dispute.  Consists of seven elements: 1. Communication: engaging in clear communication about the dispute. 2. Relationship: they may be benefit from continuing their relationship c) Interests: what is their real interest from a business perspective – is it broader than just the parties’  dispute? d) Options: brainstorm about possible resolutions that can help both sides. e) Legitimacy: focus on reality and what can and cannot be accomplished as part of a negotiated  settlement. f) Alternatives: what are some of the external possibilities: what are some of the external possibilities  that may occur if the parties continue to litigate. g) Commitment: parties make realistic commitments that hopefully will not lead to future litigation. Mediation: 
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The process by which a 3 rd  party attempts to assist the parties in reaching a resolution. The mediator cannot impose a  result on the parties – merely acts a  facilitator and often used the principles of interest-based negotiation to help the  parties settle their differences. Mediation can be at the request of the parties or can be mandated by a judge. The judge cannot require that the  mediation be successful – just that the parties engage in the process. Mediation: advantages 1. Parties retain control over the process. 2. Can be efficient since there is no presentation of evidence. 3. Process can be stopped and/or started at any time. 4. Usually less expensive than litigation. 5. Can be used for partial or full resolution of issues. Mediation: disadvantages 1. No enforcement mechanism that the parties mediate in good faith. 2. Parties sometimes have difficulty agreeing on the selection of a mediator. 3. Success depends largely on ability of mediator. 4.
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This note was uploaded on 04/24/2008 for the course LEGAL 01 taught by Professor Vogoul during the Spring '08 term at Hofstra University.

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Notes2 - Bodeeny8_47@yahoo.com Awais Mahmood 10/15/2007...

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