Negotiation


	Negotiation
	Advantages Cheaper than court More convenient for parties Done in private Quicker than court Informal Allows parties flexibility with settlements	Disadvantages Possible imbalance of power between parties Parties may not reach agreement If dispute involves point of law, parties won't have necessary legal knowledge to deal with it
	Evaluation Negotiation done directly between parties with no 3rd person. Quickest/cheapest method of settling dispute

Possible imbalance of power between parties
Parties may not reach agreement
If dispute involves point of law, parties won't have necessary legal knowledge to deal with it

Negotiation done directly between parties with no 3rd person. Quickest/cheapest method of settling dispute

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