Explain the Differences Between Voluntary and Court-Annexed Arbitration and Identify

question 12

Essay

Explain the differences between voluntary and court-annexed arbitration and identify an ADR technique that would be appropriate under each.

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Definitions:

Necessity-based Entrepreneurship

Entrepreneurial activities initiated as a result of limited job opportunities or economic necessity, rather than from the identification of a new business opportunity.

Chemical-free

Products or processes that do not contain synthetic chemicals or additives.

Mortgage

A loan specifically used to purchase real estate, where the property serves as collateral for the loan.

Profitable Business Model

An organizational strategic plan that outlines how a company creates, delivers, and captures value in a way that will generate profits.