Business Law CH 4

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  1. Arbitration 
    Settlement of a dispute (whether of fact, law, or procedure) between parties to a contract by a neutral third party (the Arbitrator) without resorting to court action.
  2. Mediation 
    action in mediating  between parties, as to effect an agreement or reconciliation.
  3. Negotiation 
    Bargaining (give and take) process between two or more parties (each with its own aims, needs, and viewpoints) seeking to discover a common ground and reach an agreement to settle a matter of mutual concern or resolve a conflict.
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ID
159479
Card Set
Business Law CH 4
Description
CH 4
Updated
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