Alternative Dispute Resolution - Negotation and Mediation
Negotiation Meaning You: "How much those tomatoes costs"? Vegetable Vendor: 30 Rs/Kg You: "ohh this expensive, someday you will have to sell kidney to buy tomatoes, can you give for 20 Rs/kg"? Vegetable Vendor: "I bought it for 20 Rs/Kg. How about 25Rs/kg" You: Ok Fine! This is negotiation in short. This is most basic means of settling our differences. In case of disputes also, you can resolve the differences by negotiating with other party. In this process disputes are settled by mutual consent. Process In negotiation, party may directly negotiate with other party or it may hire an attorney. There is not particular process is to be followed in negotiation. Place of negotiation could be anything, it could be board room of big company, or coffee center or even a theatre. In this process parties can participate directly. The process of negotiation is back and forth. First party can put forward their issues and poin...