Mergers and acquisitions are terms often used in the same breath, even to the point where we abbreviate them as M&A. However, while they both refer to the joining of two companies together, they are very different concepts.
Here, we’ll go over the differences between mergers and acquisitions and why you might opt for one or the other.
When it comes to resolving disputes, arbitration has often been touted as more cost-effective than litigation, and it’s generally true—at least as long as it’s handled properly. To get the most out of arbitration, consider the following tips and tactics.
First of all, a clear arbitration clause is a vital aspect of keeping arbitration as cost-effective as possible. By establishing the details of how arbitration will be carried out in advance, you can prevent a lot of the back-and-forth that may occur if those details were left up in the air.
To be truly viable, your personal injury claim needs to be worth the cost of pursuing damages. Some of those costs—such as attorney fees—are contingent upon winning, but others may prevent you from recovering personal injury damages if they are higher than your case is actually worth.
The cost of a personal injury claim depends on a number of factors, but there are some common expenses to keep in mind.
Business disputes can easily lead to expensive litigation. Using the right tactics before going to court can save you a great deal of time and money. Here, we’ll discuss some effective pre-litigation tactics to help you achieve a positive outcome in the event of a dispute.
Ideally, disputes should be resolved before they turn into full-blown courtroom trials. If it seems like litigation may be a possibility, consider these tips and tactics first.
COVID-19 has changed the face of nearly every aspect of society, including the way we handle disputes. Businesses and individuals who would normally handle their disputes in one fashion have found the need to adapt.
The pandemic has caused courts at all levels to delay most hearings. Some courts are shifting some of their meetings and operations to a virtual platform, whereas others are simply delaying all but the most pressing hearings until things clear up.
Running a hospital or medical practice involves more than just treating diseases or fixing broken bones. Numerous laws and regulations affect how doctors should handle patient information, bill insurers, refer patients, and so forth.
Among the most prominent laws doctors should keep in mind are the following:
ADR is short for “alternative dispute resolution,” which is a term used to describe various methods of resolving disputes without the use of litigation. ADR takes many forms, and these can each have different implications for you, your company, and your relationships with other parties.
As such, the exact meaning it has for you could vary with your situation. It could mean the preservation of a business relationship or the quick resolution of a complex dispute, for instance.
Definition and Types of ADR
Ideally, fault in an accident would be clear cut, and those responsible would pay for it. However, it’s often more complex than that. Sometimes, the injured party contributed in some way to their own injury, and even if they didn’t, those who are actually responsible may claim they did.
When someone is injured in an accident that was partially their own fault, Illinois law applies modified comparative negligence rules. These could reduce the amount received for the injury, and in some cases, it could even preclude someone from recovering damages at all.
Illinois Comparative Negligence Law
Mediation can be a relatively fast and cost-effective way to resolve a dispute, and it is typically the best solution when it comes to preserving business relationships. However, in order to be effective, you need to choose the right mediator. There are many factors to consider in this process, and we’ll discuss a few of those here.
Role of a Mediator
Mediation stands out from other forms of alternative dispute resolution because it is ultimately the disputing parties who sort out the problem, not the mediator. The mediator is simply a facilitator who assists the discussion and offers direction to help those involved reach an agreement.
Alternative dispute resolution (or ADR) has become an increasingly common way to solve differences between two parties. Given the costs and inconvenience of litigation, it’s easy to see why—ADR is often much faster and far less expensive than going to court.
The two main types of ADR are arbitration and mediation. While these two terms are often used in the same sentence, they are actually very distinct methods of dispute resolution.
Difference Between Mediation and Arbitration
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