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You are the president of medium-sized, regional company with about 250 employees, who work throughout the U.S. The company has experienced an increase in legal fees related to customer/vendor disputes being resolved in the courts around the country. You must prepare a corporate memorandum addressed to the company’s board of directors advising them of your plan to develop a new dispute resolution policy to avoid litigating cases. Your goal is to present the pitfalls of using only litigation and the benefits and consequences of both mediation and arbitration. You must then recommend either mediation or arbitration (or both) for board approval before presenting to your legal department to incorporate into a company-wide contract revision for all vendors and customers.
- Format: three to five pages, not including the cover page and reference page using APA format, 12-point, Times New Roman font, double-spaced, with appropriate headers
- Cover page with your name, instructor name, title of assignment, university name, and date
- In addition to addressing the issue assigned, discuss the key points you learned and how you will apply them in the future
- Reference list
Cheeseman, H. (2019). Business law. (10th ed.) Upper Saddle River, NJ: Pearson. ISBN: 9780134729077