e. A successfully negotiated agreement has the following characteristics - it is fair,
efficient, wise, and enduring.
(1) Fairness implies that all sides are treated impartially.
(2) Efficiency refers to producing a desired outcome with minimum of effort.
(3) Wisdom pertains to following the soundest course of action.
(4) Endurance refers to the stability of the agreement or the ability of the
No party is completely satisfied or ... all parties equally dissatisfied.
a party to an arbitration agreement may be compelled to arbitrate a dispute, if the agreement covers the subject matter of the dispute.
It wasn't easy, but they eventually negotiated an agreement that they were all happy with.
Arbitration.
commodore Matthew perry
No. The arbitration award would be void. Depending on whether the judge found the arbitration clause or the award itself void, the case may be sent back for arbitration or permitted to go to trial.
No choice but to go for a trial
Settling of a dispute with a mediator, intention of coming to a binding agreement.
Hopefully, an agreement between the two parties. If not, and you are committed to "binding arbitration," the mediators decision has the force of law and both parties are bound by it.
Ghent, Belgium. American and British representatives negotiated the peace agreement in Ghent, Belgium, after the war in 1812.
The deal value of the contract being negotiated is the total amount of money or resources involved in the agreement.
arbitration