Asked by
Tajana Osborne
on Nov 01, 2024Verified
Arbitration is a process that establishes supportive relationships among the parties to a contract to head off disputes before they occur.
Arbitration
A method of dispute resolution where an impartial third party makes a decision to settle the dispute outside of court.
Supportive Relationships
Relationships characterized by mutual support, care, and assistance among individuals, fostering emotional and practical well-being.
Disputes
Conflicts or disagreements that arise between parties which may require negotiation or legal action to resolve.
- Identify and illustrate the distinct techniques of ADR, comprising mediation, arbitration, and negotiation.
Verified Answer
JM
Learning Objectives
- Identify and illustrate the distinct techniques of ADR, comprising mediation, arbitration, and negotiation.