
What is Dispute Resolution ?
Dispute resolution or dispute settlement is the process of resolving disputes between parties. The term dispute resolution is sometimes used interchangeably with conflict resolution, although conflicts are generally more deep-rooted and lengthy than disputes. Dispute resolution techniques assist the resolution of antagonisms between parties that can include citizens, corporations, and governments.
Methods of Dispute Resolution :
Methods Of Dispute Resolution include:
One could theoretically include violence or even war as part of this spectrum, but dispute resolution practitioners do not usually do so; violence rarely ends disputes effectively, and indeed, often only escalates them.
Dispute resolution processes fall into two major types:
Illustration 1:
A purchased 1000 boxes of gloves from B Company and has paid in advanced for all the 1000 boxes. B however only delivers 500 boxes of gloves. B refuses to return the remaining the money paid in advanced despite A demand the return of the money. B is in breached of the Purchase Order.
Illustration 2:
X is a construction company and engaged in built a Hospital Building for Y Company. Upon submitting the payment claim, Y then refused to pay and to value and inspect the work done by X for the purpose of payment for work done and delivered.
Arbitration
Is a proceeding unlike in civil courts. Normally the cases brought to Arbitration would have a specific clause in your Agreement stating any dispute must be referred to Arbitration. Your case will be heard before an Arbitrator. Sometimes, there can be two or three arbitrator hearing your case. Normally you can find the Arbitration Clause in Building Contracts and mostly involves construction industry. There are also in other contract you might have entered where your dealings involves millions or multimillions transaction.