Claudia and Patrick would like to dissolve their business partnership. They are confident that they can work collaboratively on the terms of the settlement, but they do not have much money to spend on the process and are nervous about the prospect of the terms being decided by a third party who is unfamiliar with them and their industry. Which of the following legal processes is a good choice for them? a. Litigation

b. Mediation

c. Arbitration

d. None of these options is a good choice for Claudia and Patrick.

Question

Business

Kayley Bernard

15 October, 23:29

Claudia and Patrick would like to dissolve their business partnership. They are confident that they can work collaboratively on the terms of the settlement, but they do not have much money to spend on the process and are nervous about the prospect of the terms being decided by a third party who is unfamiliar with them and their industry. Which of the following legal processes is a good choice for them? a. Litigation

b. Mediation

c. Arbitration

d. None of these options is a good choice for Claudia and Patrick.

+1

Answers (1)

Know the Answer?

Reilly Neal · Answer 1

Answer: Mediation

Explanation: Mediation refers to the legal process in which a third party having certain powers from law try to solve the dispute between two individual parties. The third party trying to resolve the dispute use specialized techniques of communication and negotiation.

In the given case, Claudia and Patrick can go for mediation as these mediators first fully gain the knowledge of the subject and then decides the course of action.

Hence, from the above we can conclude that the correct option is B.