Alternative Dispute Resolution

Alternative Dispute Resolution

1. Three types of negotiaton include: Mediation, Arbitration and Litigation.

   • Three benefits of Mediation are: There is a neutral third party. Mediation is based on the information discussed on the meetings to determine a common ground, and the mediator has no control over the outcome of the communications.
   • Three benefits of Arbitration are: There is a third party, not necessary a neutral party. Arbitration guarantees an outcome because an arbitrator has the authority to dictate settlement terms. There are two types of arbitration; binding and nonbinding, and in binding arbitration both parties agree to the arbitrator's conclusion.
     • Three
   • Three benefits of Litigation include: Litigation takes place when the two parties cannot agree or require a judgement, or has criminal conduct. Provides both parties with the ability to supply evidence to the claims. There is still a negotiation process before going to trial.
     • Three disadvantanges are: Litigation cost more that both Mediation and Arbitration. Litigation usually takes longer to come to a conclusion. One or both parties may not be happy with the outcome.