Arbitration Agreements.docx

Which it had already paid yxz media for two months of

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which it had already paid YXZ Media for two months of service in a six months contract for national advertising and public relations campaign worth $ 600,000. 3) No attorney fees have been established as of now, but the cost will fluctuate depending on how long and in-depth the case will last. 4) Large amounts of lost time of supervisors and technicians in some cases up to two years.5) An unfavorable and derogatory reputation and the image that is already associated with Solar Company,any additional lawsuits would not help improve the company’s image to the
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LITIGATION COST-BENEFIT ANALYSIS AND ENFORCEABILITY 3 public.6) Loss of privacy, the possibility of being audited and inspected due to cross-examining by defense attorneys. 7) Emotional stress and anxiety lasting longer than the original contract between the two companies.8) The chance of error or a biased ruling due to previous lawsuits.9) loss of credibility in the solar panel industry causing adverse effects of profit margin lines and shareholders. With the above-mentioned factors in mind, the CEO of Solar Company should heavily consider taking some time to think things over and schedule a meeting with the CEO of XYZ Media to conduct possible negotiations before things get out of control. Negotiation should never be ruled out it is a vital tool and could lead to a positive outcome. An acceptable solution for both companies may be to refund Solar Company for the last two months of service and allow XYZ Media to correct the discrepancies and fulfill the remaining length of the contract. This decision would enable YXZ to maintain the customer and give Solar Company time to examine their options. If in the remaining time of the agreement if YXZ Media cannot find a solution to the problem Solar Company is free to find a media company that can fulfill their intent.
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  • Spring '16
  • Arbitration, Solar Company

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