Answer:
Liquidated damages is the clause that is included in a contract to determine damages if a party was to breach the contract.
Explanation:
Answer:
I believe so
Explanation:
I have no clue I'm a high schooler who likes kpop and life revolves around sleeping 24/7
Answer:
Mainly, the greatest benefit of solving problems outside the judicial system is the cost, since every judicial process necessarily entails a high cost, both in taxes, costs, fees, etc. In addition, the resolution time is much longer, since it involves a whole series of procedural steps that necessarily imply a passage in time, which can be avoided through an alternative resolution of conflicts.
Those means of alternative dispute resolution include, among others, mediation and arbitration. Mediation, on the one hand, involves a series of meetings between the parties in conflict, with the assistance of a specialist, the mediator, who seeks to bring the parties closer together and achieve the resolution of the dispute. On the other hand, arbitration implies that the parties in conflict abide by the solution proposed by an impartial third party, the arbitrator, who will decide according to the rules of law or equity, as appropriate.
