ADR Flashcards by Dylan Baker-newman

Q

What is negotiation?

A

: Parties resolve dispute themselves.

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Q

What is mediation?

A

Neutral third party helps reach agreement.

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Q

⚖️ Conciliation

Q: Difference from mediation?

A

Conciliator suggests solutions.

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Q

What is arbitration?

A

third party makes binding decision.

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Q

: Give 3 advantages

A

Cheaper

Faster

Private

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Q

Give 3 disadvantages

A

No guaranteed outcome

May still go to court

Can be unfair to weaker party

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