Management and Organizational Studies 2275A/B Chapter Notes - Chapter 4: Alternative Dispute Resolution, Class Action, Counterclaim

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Philip King

Document Summary

Sometimes writing o a small account is easier then spending money to try and collect it. As part of a risk management strategy, engage services to install rewalls. Must report the pollution incident to relevant environmental agency. Agency must impose a ne, clean-up order, or some other administrative penalty. Find and cause of the failure and determine the time frame and costs related to xing it. A range of options for resolving disputes as an alternative to litigation. A process of deliberation and discussion intended to reach a mutually acceptable resolution to a dispute. Discuss problem and reach a mutually agreed solution. Sometimes their is clauses in contracts that any dispute should be negotiated. You cannot use negotiations when the subject is covered by insurance, the insurer must conduct settlement negotiations. Alternative dispute resolution (adr) where a neutral person (mediator) assists the parties in reaching a settlement. Mediator: a person who helps the parties resolve their dispute.