Title: Explain the various ways that disputes can be settled.
Course: Opportunities in Global Trade, Advanced (12056-II) > Section: Examining International Legal Systems and Liabilities

Explanation should distinguish among mediation, arbitration, and litigation, illustrating how each can be used to settle trade disputes.

Process/Skill Questions:

- What is the difference between arbitration and mediation?
- What are the advantages of mediation as a method of dispute settlement? Of arbitration? Of litigation?
- Why might two businesses from two different countries choose to resolve a dispute through mediation or arbitration rather than litigation?
- Why would a business with a conflict choose one settlement method over another?
- What country and court system would a business use for litigation?
- What court systems have jurisdiction over international legal disputes?