Traditional and Non-traditional Litigation In this paper I will compare and contrast traditional litigation systems to non-traditional forms of ADR (Alternative Dispute Resolution). Traditional litigation is where both parties use the court system to try to resolve their dispute, while ADR is the process of resolving a dispute outside of the court system. In this paper I will look at the pros and cons of using each type of litigation process. I will also look at the risk that business and other
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After reading the exposure draft and the first ten comment letters from the FASB website, I argued that the exposure draft should be adopted. Before the exposure draft were issued, FASB received some respondents criticized the original dislosure requirements of loss contingencies: “a.The initial disclosure of specific information about a loss contingency often does not occur until a material accrual is recognized for that loss contingency, sometimes taking investors by surprise. b. The at least
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In today’s competitive scenario, achieving successful results through negotiations has become more important. But often negotiations face either complete failures or achieve far less than its actual potential. Also, such unsuccessful negotiations may perennially damage the reputation and relationships amongst the counterparties involved. In this article, the author tries to show 6 major mistakes which may occur in a negotiation. This article is a kind of manual to understand and have successful
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Parties and Issues Parties: Acme Corporation, Eli Realty Trust, Superior Court Issues: Acme Corp is suing Eli Realty Trust for injunctive relief and damages for lost revenue from construction done improperly by Eli Realty Trust which lead to the manufacturing process being slowed down and damaged equipment Interests Ours: Our interest is seeking the damages that Eli Realty Trust has done to our company over the past couple of months. Theirs: They want to keep an honorable client in the space
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Negotiation Strategy Analysis Holly M Hyatt MGT 445 December 17, 2011 Chris Pahl Negotiation Strategy Analysis There are several main strategies techniques used in negotiation, which include collaboration, competition and accommodation (Lewicki, Saunders, & Barry, 2006). Each strategy situation is different and will need to be analyzed and adjusted to see which one would work best. In these scenarios, I chose to review the Seabrook Mall suit and negotiating new vehicle purchases (Chiaramida
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Negotiation is the process where interested parties resolve disputes, agree upon courses of action, bargain for individual or collective advantage, and/or attempt to craft outcomes which serve their mutual interests. Negotiation is usually regarded as a form of alternative dispute resolution. The first step in negotiation is to determine whether the situation is in fact a negotiation. The essential qualities of negotiation are: the existence of two parties who share an important objective but have
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process a case through traditional litigation systems. On the contrary, the conclusion can be made quickly through ADR. When the plaintiff and the defendant chose to go to ADR instead of the trail, it means that both of them are willing to resolve the disputes. Therefore, with the intervention of the third party, such as arbitration and mediation, the settlement can be made easily. Second, it costs a large amount legal fees and expenses when a case goes through the court system because of the complexity
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What makes a good negotiator? A good negotiator will have two very important concepts and strive to achieve them without limitations. The first concept is to have principles. Make sure the principles consist of these key ideas and focal points. When you are preparing for your negotiation, know what you want from your opposing team and terms that you will be willing to accept. Be open and have an open mind to flow with the way the meeting may go. Be willing to adapt to the environment to let
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THE CONFLICT BETWEEN TALL, DARK AND HANDSOME 2 Abstract There were three roommates in college by the names of Tall, Dark, and Handsome. They came from a same small town place in Hereford, Maryland. The three came to Salisbury University to play football. They ran into a conflict with one another that has put a damper on their friendship. Using the four steps to achieving successful negotiation as guidelines come
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Analyzing Personal Conflict Management Style Paper Mark A. Pitts Comm/330 July 1, 2013 Analyzing Personal Conflict Management Style Paper This paper describes three conflict management styles. I discuss the conflict management style I use most frequently, and why? And the difficulties I encounter in dealing with others who use different conflict management styles. In the paper I discuss advantages and disadvantages of each conflict management style. In conclusion
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