Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
23 Cards in this Set
- Front
- Back
Alternative Dispute Resolution (ADR)
|
Speedy and just means of resolving cst to both the parties and to the taxpayers; for example, arbitration, conciliation.
|
|
Negotiation
|
Process in which two or more people meet to discuss their differences and attempt to arrive ata settlement that is acceptable to both.
|
|
Conciliation
|
Third party sucessfully gets conflicting parties to accept an agreement, but does not participate in the negotiations.
|
|
Mediation
|
Process of promoting voluntary compromise or resolution of a dispute usually initiated before arbitration.
|
|
Arbitration
|
Procedure in which both parties submit their case to an impartial thrid party (arbitrator).
|
|
Arbitrator
|
Person selected by the parties to a dispute to make a desicion based on evidence submitted by both parties.
|
|
American Arbitration Association (AAA)
|
Private nonprofit organization established in 1926, whose pirpose is to foster study of arbitration, t perfect the techniques of arbitration law, and to advance the science of arbitration for the prompt and economic settlement of disputes.
|
|
Federal Arbitration Act (FAA)
|
Federal statute favoring arbitration that withdraws from the states the power to require a judicial forum for the resolution of disagreements if the parties by contract have agreed to solve the peoblem by arbitration.
|
|
Alternative Resolution Disputes Act
|
In 1998, Congress adopted yhis act. Mandates all federal coutts, including bankruptcy courts, to send litigants to ADR beofre proceeding with litigation.
|
|
Revised Uniform Arbitration Act (RUAA)
|
In 2000, the National Conference of Commissioners on Uniform State laws promulgated the act. Under consideration by state governments.
|
|
Judicial Arbitration
|
compulsory, court-mandated arbitration.
|
|
Award
|
Arbitrator's decision.
|
|
Contractual Agreement to Arbitrate
|
Arbitration established by contractual agreement entered into either before or after a dispute occurs.
|
|
Binding Arbitration
|
Arbitration that is binding once parties have agreed in writing to submot a contovercy to arbitration. Alegal action cannot be brought id the parties have agreed to submit a controvercy to arbitration.
|
|
med / arb
|
Hybrid system that first uses mediation and ten arbitration to reach a resolution.
|
|
Fact Finding
|
Investigative process by which a third party will investigate the issues and make findings of fact to present to the court or other body charged with ruling on the issues.
|
|
Minitrial
|
A form of alternative dispute resolution in which the parties present their arguments or part of a case to a judge or advisory jury that renders a decision in order ro encourage settlement.
|
|
Private Judge
|
A judge, usually retired, who is hired by parties to resolve a dispute because of his or her subject matter expertise in the area of dispute. Also called a referee.
|
|
Short Trial
|
One day trial conducted with a minimum of four jurors.
|
|
Partnering
|
This term is used in large construction contracts to assist in building a framework to handle any disputes that may arise among the contractors. Normally a neutral facilitator arranges a procedure to handle these disputes in an expiditious manner. The purpose is to take care of small disputes when they arise in order to prevent larger disputes.
|
|
United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards
(New York Convention) |
Signed by 73 contries
Convention that allows the enforcement f arbitrated awards in any of the signature countries. |
|
InterAmerican Convention on International Commercial Arbitration
(Panama Convention) |
Convention that created the agreement among the United States, Mexico, and Latin American countries to submit disputes surrounding commercial transactions to arbitration.
|
|
United Nations Commission on International Trade Law
(UNCITRAL) |
Commission that developes model laws that cover international commmercial transactions.
|