ADMS2610-Session5-Ch2

ADMS2610-Session5-Ch2 - ADMS2610 Session 5 Chapter 2 (pg....

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
ADMS2610 Session 5 Chapter 2 (pg. 40-42) Alternative Dispute Resolution (ADR) Alternative Dispute Resolution - Tribunals are used by the courts to deal with variety of disputes between individuals o Advantage: the speed at which hearings may be held, the informality and the confidentiality of the proceedings, the lower cost of obtaining a decision - There is a higher cost associated to resolving disputes through the courts o Business contracts often contain clauses that provide for alternative methods of resolving disputes between the parties o Arbitration – the parties agree that if any dispute arises between them, they will refer the dispute to an arbitrator and that they will be bound by the arbitrator’s award or ruling on the dispute (1) Mediation - It is the preliminary step to the arbitration process in an effort to resolve the dispute without a formal arbitration decision - (1) Usually involves third party who is skilled at the process to meet with the parties together at first then individually
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 03/25/2011 for the course ADMS 2610 taught by Professor Joshuasera during the Winter '10 term at York University.

Page1 / 2

ADMS2610-Session5-Ch2 - ADMS2610 Session 5 Chapter 2 (pg....

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online