Instructions: Read the Fact Pattern below, then write a four-page (minimum) paper comparing and contrasting the three available methods to resolve the dispute: (1) litigation, (2) arbitration/mediation, (3) informal settlement or business re-negotiation.
For each method, please provide a definition and explanation of the dispute resolution process involved as well as the pros and cons of selecting that method. You should identify at least four pros and four cons for each method. Refer to Table 4.1 (Chapter 4, Page 96) for additional guidance. Properly cited materials outside the text may also be used and are recommended. Your conclusion should select one of the methods as the best option and explain why you have chosen it. (There is no wrong answer). Please also identify at any facts or circumstances that, had they been present or changed, would have altered your chosen answer.