Asked by Shanikka Fitzgerald on May 08, 2024
Verified
Mediation is similar to arbitration in that both require the parties to reach a mutually satisfactory resolution to their dispute.
Mediation
A form of alternative dispute resolution where a neutral third party assists the disputing parties in reaching a mutually acceptable agreement.
Arbitration
A method of dispute resolution where an impartial third party makes a binding decision to resolve a disagreement between parties, often used in labor disputes.
- Ascertain the differences between mediation and arbitration techniques in the context of dispute resolution.
Verified Answer
KK
Konlathat KiattikhunphairotMay 10, 2024
Final Answer :
False
Explanation :
Mediation involves a neutral third party who facilitates negotiation and encourages resolution between disputing parties, but does not impose a decision. Arbitration, on the other hand, involves a neutral third party (the arbitrator) who makes a binding decision on the dispute.
Learning Objectives
- Ascertain the differences between mediation and arbitration techniques in the context of dispute resolution.
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