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SALINASLEA321exerciseno 1
SALINASLEA321exerciseno 1
SALINASLEA321exerciseno 1
2/10/2023
BSCRIM 3A
LEA 321
Exercise No. 1
1. Dispute Resolution
Dispute resolution is the process of resolving a dispute or conflict between different
parties. Crucially, dispute resolution can be a way of solving a conflict without having
to go to court.
2.1 Arbitration
Arbitration is a procedure in which a dispute is submitted, by agreement of the parties,
to one or more arbitrators who make a binding decision on the dispute. To simplify
this, if two parties are in dispute well have agreement with the help of a 3rd neutral
person or arbitrator that will bind their agreement.
2.2 Mediation
Mediation is a process wherein the parties meet with a mutually selected impartial and
neutral person who assists them in the negotiation of their differences.
2.3 Conciliation
Conciliation is a form of alternative dispute resolution method, it is the process of
settlement of dispute without litigation, it is a informal process. Both the disputed
party appoint conciliator to resolve their dispute and conciliator try to settle the
dispute.