FREE SQE Dispute Resolution Questions and Answers
What is the primary purpose of Alternative Dispute Resolution (ADR)?
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Wrong!
ADR is used to resolve disputes without resorting to litigation, often saving time and costs.
What is 'mediation' in the context of dispute resolution?
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Mediation involves a neutral mediator who assists the parties in negotiating a mutually acceptable resolution.
What does 'arbitration' entail in dispute resolution?
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Arbitration involves an arbitrator making a binding decision based on the evidence and arguments presented by the parties.
What is a 'settlement agreement'?
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A settlement agreement is a legally binding contract where parties agree on the terms to resolve their dispute without going to trial.
In litigation, what is 'discovery'?
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Discovery is the process by which parties gather and exchange pertinent information and evidence before trial.