Business Law - ADR Assignment One Final (1)

Business Law - ADR Assignment One Final (1) - Alternative...

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Alternative Dispute Resolution 1 Alternative Dispute Resolution Linda D. Craig University of Phoenix CBMBA0809; LAW/531: Business Law Douglas Lewis November 25, 2009
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Alternative Dispute Resolution 2 Alternative Dispute Resolution Introduction The success of a team is measured by each member’s conduct and dedication in arriving at a mutual goal. However, conflict arises when one team member fails to perform his or her reasonable share of the team assignment to reach that goal. Thereby, creating a conflict that must be resolved before the team can move forward. This paper will outline a resolution process that provides an alternative process necessary for resolving disagreements among team members. Alternative Dispute Resolution vs. Litigation There are a number of legal methods and procedures available to entrepreneurs. These alternatives generally expedite the resolution of disputes without the need for initiating or continuing the formal (and costly) process of litigation. These alternatives are broadly referred to as that of "alternative dispute resolution" (ADR). The most commonly known method of ADR is arbitration, which is where a neutral third party is selected by the disputants to hear the case and render an opinion, which may or may not be binding on the parties depending upon the terms of the arbitration clause or agreement. In addition to arbitration, various forms of mediation, private judging, mini-trials, and moderated settlement conferences are available to companies who are unable to independently resolve their disputes but who wish to avoid the expense and delay of the full litigation
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Business Law - ADR Assignment One Final (1) - Alternative...

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