Management and Organizational Studies 2275A/B Chapter Notes - Chapter 4: United Nations Commission On International Trade Law, Jury Trial, Small Claims Court

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Desmond Mc Keon

Document Summary

Business activities and legal disputes: business organizations require a risk management plan to minimize potentially adverse impact of the legal environment through prevention and a planned reaction to adverse events when they arise. When to negotiate: negotiation can be used to resolve virtually any type of dispute at any stage, common for parties to include clause in contract to make efforts to negotiate to resolve disputes. In certain situations an attempt by the business to negotiate privately may cause harm such as by jeopardizing an insurance coverage. Not relevant when a judge makes a determination of liability. Cannot be used to void an insurance policy. Mediation: mediator person who helps the parties resolve their dispute, popular method for resolving disputes because is cost effective, quick, private, helps preserve relationship and can result in a resolution tailored to needs of the parties.