openPR Logo
Press release

Mediation model rule for commercial disputes

The profession of business is interdependent of many stakeholders. Business enterprises are part of manufacturing or creating products and services. This is a kind of relay race. The concept of supply chain management developed from specialization of job of making something which again raw materials of other business and finally creating a good or service to deliver to consumer for consumption. Businesses are dependent on upstream as source of raw material and dependent on buyer at downstream market.  The relationship is not for one day or cannot develop over night. The success of one business is part of a supply chain relationship and unable to break and create now relationship over night. The nature of profession and cost of legal processes encourage the mediation of disputes amicably under certain rules or conventions.

Businesses try their best to maintain the relationship despite disagreement over certain issues and try to resolve to continue the relationship. The mediation, a category of Alternate Dispute Resolution (ADR) is the appropriate method of resolve the disputed to continue the business transaction.  The parties in dispute also continue the business transactions despite a dispute and mediation process on certain issues. The main issue of mediation is determining damages and there is not a critical dispute about liability or an issue of principle. All the parties in mediation are ready to resolve the issue with mutually agreed compensation for damages without any legal proceeding in the court.

Unfortunately, Bangladesh has no law for mediation although many developed and developing countries have such law. We have long tradition of Shalish of many types of disputes in rural societies. The business communities in many sectors have their own Shalish and conventional rule usually followed by the member of that business society. It has social and inner community methods of enforceability without any legal bindings.

https://worldmediation.org/mediation-model-rule-for-commercial-disputes-2/

WORLD MEDIATION ORGANIZATION is an international and informative platform that is dedicated to raise the public awareness towards Mediation, Conflict Complexity, and Violence Avoidance. In order to realize this mission, WORLD MEDIATION ORGANIZATION offers a formal online training and an extensive blog section that may build the basis of the exchange of knowledge that we focus on.

WORLD MEDIATION ORGANIZATION – Daniel Erdmann,
Hohenzollerndamm 182, 10713 Berlin, Germany.
Tel.: +49 30 982 986 49

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Mediation model rule for commercial disputes here

News-ID: 1228094 • Views: 96

More Releases from World Medaition Organization - Daniel Erdmann

Elder and Adult Care Mediation: The New Horizon in Family Practice
With the population aging at an unprecedented rate, families are more frequently encountering strained situations about how to best care for a loved one who no longer is able to drive, live alone, requires assistance with daily living, or requires a new level of medical care.   Even in the best of families, communication can shut down or never open up to quality decision-making. “My brother has been handling mom’s money the
THE US LEAVES THE PARIS AGREEMENT – CRISIS OR OPPORTUNITY
On June 1, 2017, President Trump announced that the United States (US) would be leaving the Paris agreement1, a global commitment by 195 countries to combat climate change (the Paris agreement). The President’s comment during the announcement, “I represent the citizens of Pittsburgh, not Paris” illustrated a nationalistic approach to a global issue affecting humankind. The decision rejected scientific, corporate, religious and international calls to address the threat of climate

More Releases for Business

Global Interferon Market Business Growth, Business Opportunities, Business Outlo …
Albany, NY, USA / 16 Oct 2018: - A New fresh research report presented by KD Market Insights provides a detailed analysis of “Global Interferon Market Size, Trends, Opportunity and Forecast to 2023” research report will include all the major trends and technologies that play an important role in market growth in the predicted span of 6 years. It also presents the overview of industry players, advantages, challenges the business
Global Intramuscular Immune Globulin Market Business Growth, Business Opportunit …
Albany, NY, USA / 16 Oct 2018: - A New fresh research report presented by KD Market Insights provides a detailed analysis of “Global Intramuscular Immune Globulin Market Size, Trends, Opportunity and Forecast to 2023” research report will include all the major trends and technologies that play an important role in market growth in the predicted span of 6 years. It also presents the overview of industry players, advantages, challenges
New Business
PRESS RELEASE FOR IMMEDIATE RELEASE FOR: Jackpot Money, LLC Charlotte, NC - This is to introduce Jackpot Money, LLC. Classified as a tax-preparation company. We use Sweepstakes Promotional Software as our year-round promotion. We offer our services to all Americans above the age of 18. Although we are making breakthroughs through some states that do not allow our services, we will maintain our goal in saving money, and supporting various agencies which
Business Spanish
A school of Spanish for foreigners organizes courses of Business Spanish in preparation to the Official Exams of the Chamber of Commerce and Industry of Madrid. Valencia. Knowing a language also means to know specific vocabularies. The aim of most students of Spanish as a foreign language is not only that of improving their fluency, but also that of widening their vocabulary in specific areas that will be useful for finding
Dropship Business - A Lucrative Online Business
There are many businesses that can be run on the comfort of home but you cannot be assured of profit with every. Thus, a smart entrepreneur always looks for the opportunity that can guarantee a good profit quotient. This attentiveness in thought of business persons brought the concept of dropship business. This is a business that enables you to earn profit without being involved in selling out and shipping small to
B2BTradeWorld.com – New Business to Business Portal India
B2B Trade World Offers leading online business to business portal & global e-business, Indian Trade Directory, online catalogue, Buying selling trade leads & offers, business web pages, yellow pages, India, white pages, India Manufactures exporters, suppliers & importer from India The B2B Trade Links Pvt.Ltd. is a business-to-business portal for serious people interested in Global business. Welcome to our b2btradeworld portal which gives you a platform to improve your company’s