Preview

Bus Law 531 Week 1

Good Essays
Open Document
Open Document
676 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Bus Law 531 Week 1
Nontraditional and Traditional Litigation Paper

Nontraditional and Traditional Litigation Paper Business owners know that high ligation costs and lengthy delays make it difficult and expensive to resolve business disputes in court. Alternative dispute resolutions are superior solutions for resolving business disputes and are normally settled before trial, which saves significant time and money. Alternative dispute resolution can be achieved by several approaches, which may include negotiation, mediation, and arbitration. Traditional litigation resolves disputes in the civil court system in which one party loses and one wins. Although litigation and alternative disputes resolution both have advantages, alternative dispute resolution is generally faster and less expensive. This paper will compare and contrast the traditional litigation with nontraditional forms of alternative dispute resolution.

Compare and Contrast traditional and nontraditional litigation Alternative dispute resolution (ADR) over the years has grown in popularity with over 90% of all cases resolved through some form of ADR. The advantages of ADR over trial include such things, as it is less formal and less intimidating. ADR has a more rapid resolution and is less expensive and is normally heard by an arbitrator or mediator. ADR enables parties to address underlying issues and interests. It permits more creative and flexible solutions. Trial by comparison is a more formal process. Traditional litigation requires that a complaint is filed in the court and the plaintiff most respond. This is followed by a pre-trial and a trial in which each party is allowed to present their case and it is settled either by jury or a judge. Trials are also a slower process and require a higher amount of time, more expensive, and as well as stress and emotional disarray. In traditional litigation businesses may get certain documents, testimony, and other evidence, which may not apply to ADR



References: Business-to-Business Mediation/Arbitration vs. Litigation. (2005, January). National Arbitration Forum,. Retrieved from http://GeneralCommercialWP-1.pdf Casey, K. R. (2006, August). Experts compare the advantages and disadvantages of litigation and ADR. Stradley Ronon Stevens & Young, LLP, . Retrieved from http://www.stradley.com/articles

You May Also Find These Documents Helpful

  • Good Essays

    However, having laws in place facilitates the discussion and resolutions of disputes. In business these resolutions can become very costly to the business, but through methods of dispute resolutions such as alternative dispute resolution (ADR) businesses may remedy the dispute without going through legal battles in a court system. The same applies for disputes in society, as disputes arise, having a guide and understanding of the law allows separate parties to come to a mutual agreement through…

    • 992 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Negotiation, mediation, and arbitration are methods to pursue in this case. Mediation is appropriate for this case because the mediator elevates the evidence to determine the best solution for both parties. The mediator promotes settlement for the case and indicates pointers to resolve the dispute. Cheeseman (2013) stated, “If the parties agree to a settlement, a settlement agreement is drafted that expresses their agreement. Execution of the settlement agreement ends the dispute. The parties,of course, must perform their duties under the settlement agreement. If an agreement is not reached, the parties may proceed to a judicial resolution of their case” (p. 54). “Litigation is a difficult, time-consuming, and costly process that must comply…

    • 604 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Case Studies Bus Law

    • 1232 Words
    • 5 Pages

    The offer of the Wells Fargo Business Credit, Inc. was submitted to Nebraska Beef in the form of a letter. When Nebraska Beef engaged in accepting a line of credit from Wells Fargo they entered into a written credit agreement that outlined the terms of the line of credit and the over-advance which contained additional and progressive fees for each additional over-advance loan (the amount over the initial credit limit). With each of the three over-advance lines of credit or advances of money that Nebraska Beef took out with Wells Fargo, a formal written amendment to the original credit agreement was provided. Thus even though there were no new agreed upon terms, it is a sufficiently definite agreement in that Nebraska Beef evidenced their acknowledgement of additional fees through these three previous advances and further they acknowledge receipt of information stating these additional fees.…

    • 1232 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Bus Law

    • 505 Words
    • 3 Pages

    Protein Blenders, Inc. made written contract with Gingerich to buy from him shares of stock of a small corporation named Maplecrest Turkey Farms. The plaintiff, Protein Blenders, Inc. agreed to purchase 4,505 shares of preferred stock from the defendant, Gingerich, a small corporation named Maplecrest Turkey farms. The price of each stock was $52.50 per share which came to a grand total of $236,512.50.…

    • 505 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Most common forms of ADR which are available are – Negotiation (It is a simple procedure in which parties involved in dispute discuss with each other to reach a voluntary settlement.),Mediation (In this method, the parties use a mediator to propose a settlement of their dispute), Arbitration ( In it, the parties chooses a third party to hear evidence and testimony and then decide the dispute), Mini-trial (In it, lawyers from both parties present their case to representatives of each party so that parties can know strengths and weaknesses of their cases.), Fact-finding(the parties employs a neutral third party who act as fact-finder for the investigation of case and the information investigated by Fact-finder can be used in negotiating settlement.), Using a Judicial Referee (With the parties agreement, the court may appoint a judicial referee to conduct a private trial and give a judgment and their decisions stand as judgments of the court). (Cheeseman,…

    • 781 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Bus. Law

    • 590 Words
    • 3 Pages

    Suppose that the U.S. Department of Agriculture (USDA) administers the price floor for cheese, set at $0.17 per pound of cheese. (In real life, the actual price floor was officially set at $16.10 per hundredweight of cheese. One hundredweight is 100 pounds.) At that price, according to data from the USDA, the quantity of cheese produced in 2009 by U.S. producers was 212.5 billion pounds, and the quantity demanded was 211 billion pounds. To support the price of cheese at the price floor, the USDA had to buy up 1.5 billion pounds of cheese. The accompanying diagram shows supply and demand curves illustrating the market for cheese.…

    • 590 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Texas has many disputes that can be federal or state cases, and this memo will provide an exclusive analysis regarding how a civil action case in the state court system went through the legal stages and other ADR or alternative methods of dispute resolution methods. This memo will not be complete without providing the differences of cost and benefits between using ADR versus a traditional litigation.…

    • 902 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    In the following memo, I will be discussing the case Blankenship vs. CFMoto Powersports, Inc. I will be providing the background of the case and how the case would proceed through the state court system. I will also be discussing the cost and benefits of using the traditional court system versus Alternative Dispute Resolution, the different methods of ADR and which method should be used.…

    • 1046 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    In some cases that are well documented, with a high success rate of being handled out of the court system, it is only fitting…

    • 697 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Alternative Dispute Resolution (ADR) is a term generally use to refer to informal dispute resolution processes in which the parties meet with a professional third party who help them resolve their dispute in a way that is less formal and often more consensual than is done in the courts. While the most common forms of ADR are mediation and arbitration, there are many forms: judicial settlement conferences, fact finding ,ombudsman, special masters ,etc. though often voluntary, ADR if sometimes mandated by the courts, which require that disputes try mediation before they take their case to court.…

    • 2077 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Solving disputes in the legal realm can be a very complicated and costly endeavor, and it is important to recognize the most effective method to reach a reasonable solution. Traditional litigation and ADR are both effective means of solving such a dispute. When comparing and contrasting the best way to solve a civil dispute, it is very important to first determine which would be more beneficial, traditional litigation or ADR. Both have many benefits and both have drawbacks, however it is the civil dispute that should determine which is the most beneficial.…

    • 744 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Negotiation Reflection

    • 1072 Words
    • 5 Pages

    Negotiation is one of the most common approaches used to make decisions and manage disputes. It is also the major building block for many other alternative dispute resolution procedures. According to Christopher W (2012), negotiation is the principal way that people redefine an old relationship that is not working to their satisfaction or establish a new relationship where none existed before. Because negotiation is such a common problem-solving process, it is in everyone 's interest to become familiar with negotiating dynamics and skills. This section is designed to identify what worked well and not well in the negotiation. In addition, to present strategies that generally makes the negotiation more efficient and improvement in the next time.…

    • 1072 Words
    • 5 Pages
    Better Essays
  • Good Essays

    BUS LAW IRAC Brief

    • 923 Words
    • 4 Pages

    Write a brief summary of the facts as the court found them to be. Eliminate facts that are…

    • 923 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Alternative dispute resolution (ADR) is a general term for dispute resolution processes that are done outside judicial systems and formalities. Such processes include negotiations that are facilitated to try and ensure that parties to a dispute settle their conflict before it can be subjected to a judicial process.…

    • 2410 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    In this report, there will be real life case studies settled by different courts for settling disputes. These cases will help in illustrating the criteria for using the different courts. This report will also include internet research.…

    • 2224 Words
    • 9 Pages
    Powerful Essays

Related Topics