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9 Cards in this Set
- Front
- Back
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What is conflict management? |
Managing any possible conflicts with the use of formal methods to come to a decision acceptable to both parties |
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What is ADR? |
Alternative dispute resolution. Refers to ways to settle disputes without going to court |
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What is mediation? |
Independent 3rd party to help other parties to come to a mutually acceptable outcome. Not legally binding |
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What is arbitration? |
Independent 3rd party, considers facts and evidence and makes a decision on one or both parties. Legally binding |
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What are the characteristics of arbitration? |
1. Speed 2. Cost 3. Thouroughness 4. Finality 5. Reasons 6. Privacy |
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What is the aa 1996 |
Arbitration act 1996 powers to arbitrator |
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What is expert determination? |
Dispute resolution by a person who is an expert in a particular field. |
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What are the advantages of expert determination? |
1. Sought from rics 2. Cheaper and faster than arbitration 3. No requirement to provide evidence |
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What are the disadvantages of expert determination? |
1. No evidence may be provided 2. Lack of market evidence 3. Final decision -can only sue in negligence |
