negotiation Flashcards

(10 cards)

1
Q

advantage: speed

A

a dispute can be solved in minutes eg by a phone call

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2
Q

advantage: cost

A

cheapest form of ADR , eg just cost a phone call, lawyers will add costs of needed

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3
Q

advantage: lack of formality

A

far less formal than civil courts, discussion can be held in safe environment

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4
Q

advanatage :privacy

A

conducted in privacy means relations can be maintained

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5
Q

disadvantage: imbalance of power

A

one partner may have less financial power which can lead to bullying
large companies have own legal team, used to defending small claims- lead to out of court settlement, wouldn’t receive corrective justice.

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6
Q

disadvantage: lack of legal expertise

A

if lawyers not appointed , there may be no legal knowledge which could result in further disputes in future

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7
Q

disadvantage: enforceability

A

may not be clear what each party have entered binding contract which is enforceable in court

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8
Q

key info

A
  • only form of ADR with NO third party
  • parties can communicate directly to reach agreement
  • can be face to face or over the phone
    -no fixed procedure
  • needs compromise to be successful
  • often first type of ADR tried
  • large companies use negotiation
  • no costs
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9
Q

example

A

if you injure yourself on loose flooring, often offer you a sum of money as an out of court settlement to avoid costs

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10
Q

how are neighbour disputes resolved

A

through negotiation

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