Litigation Cost.docx - Running head LITIGATION COST-BENEFIT ANALYSIS Litigation Cost-Benefit Analysis and Enforceability of Arbitration Agreements

Litigation Cost.docx - Running head LITIGATION COST-BENEFIT...

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Running head: LITIGATION COST-BENEFIT ANALYSIS 1 Litigation Cost-Benefit Analysis and Enforceability of Arbitration Agreements Student Name Institution Affiliation
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2 LITIGATION COST-BENEFIT ANALYSIS Part I Application of Contemporary Environment Cost-Benefit Analysis of a Lawsuit From the scenario, I do think that Solar Company CEO should consider applying alternative dispute resolution with the XYZ media CEO to precisely settle on the future of their contract. Decision on utilizing alternative dispute resolution method can be precisely justified using the nine factors provided in the text of Contemporary Environment Cost-Benefit Analysis of a Lawsuit. Considering how short the contract between the two companies is (only 6 months), and already after the fruits two months Solar company has experienced their lawsuits being tarnished. The two companies need to resolve this issue quicker using any of the alternative dispute resolution method including negotiation or arbitration (Cheeseman, 2016). The unpredictability of the legal system and the possibility of error, the aggravation and psychological costs associated with a lawsuit, the amount of prejudgment interest provided by law, the amount of prejudgment interest provided by law, the associated effects on the relationship and reputation of parties, lawyer’s fees and other charges of litigation, loss time of managers and other personnel, the value of money to be awarded or ordered, the odds of winning or losing, and other factors peculiar to parties and lawsuit are the nine factors that have been considered in the text and could be much helpful in justifying the alternative dispute resolution (Cheeseman, 2016). In connection to the scenario between Solar Company and XYZ Company, the following listed below facts apply about all these nine facts. First, the contract set up between
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  • Fall '17
  • asad khan

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