negotiation Flashcards
(10 cards)
advantage: speed
a dispute can be solved in minutes eg by a phone call
advantage: cost
cheapest form of ADR , eg just cost a phone call, lawyers will add costs of needed
advantage: lack of formality
far less formal than civil courts, discussion can be held in safe environment
advanatage :privacy
conducted in privacy means relations can be maintained
disadvantage: imbalance of power
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.
disadvantage: lack of legal expertise
if lawyers not appointed , there may be no legal knowledge which could result in further disputes in future
disadvantage: enforceability
may not be clear what each party have entered binding contract which is enforceable in court
key info
- 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
example
if you injure yourself on loose flooring, often offer you a sum of money as an out of court settlement to avoid costs
how are neighbour disputes resolved
through negotiation