Answered

Discover answers to your most pressing questions at Westonci.ca, the ultimate Q&A platform that connects you with expert solutions. Get immediate and reliable answers to your questions from a community of experienced experts on our platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

How can parties that have unequal bargaining power negotiate meaningfully, without one party taking advantage of the other?

Sagot :

TurboMini

Answer:

Negotiation is a technique of Alternative Dispute Resolution (ADR) which retains power to decide the disagreement to the parties included.  

Explanation:

Inequality or unequal bargaining power take place when the provisions/terms of a contract are unjust, unreasonable, and unfair. Negotiation between 2 parties with unequal bargaining power can lead to the stronger party being oppressive at the time of negotiation with the other party having weaker bargaining power which results in unfair consequences for the weaker party.

 To ensure such unfairness does not take place to the weaker party, the alternate remedy is approaching the law. The law does not consent the noticeably unfair use by the stronger party of its advantage in the bargaining power, and would intervene by modifying or setting aside the contract to reinstate equity in negotiation between the parties.  

Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.