Negotiation and Dispute Resolution Bar Exam Flashcards - Medical Study Cards
Master Negotiation and Dispute Resolution with Oncourse flashcards. These spaced repetition flashcards are designed for medical students preparing for NEET PG, USMLE Step 1, USMLE Step 2, MBBS exams, and other medical licensing examinations.
Negotiation and Dispute Resolution Flashcard Deck - 10 Cards
Flashcard 1: What is a BATNA, and how does it affect negotiation?
Answer: A BATNA is a party’s best alternative to a negotiated agreement if no agreement is reached. A party should compare each proposed resolution with its BATNA and reject a deal that is worse, considering risk, cost, delay, and enforceability.
Flashcard 2: What is a reservation point in negotiation?
Answer: A reservation point is the least favorable outcome a party is willing to accept. It should be based on the party’s BATNA, litigation risks, transaction costs, time value, and other material consequences.
Flashcard 3: What is a zone of possible agreement (ZOPA)?
Answer: The ZOPA is the range in which the parties’ reservation points overlap. If no overlap exists, agreement generally requires changing the parties’ expectations, adding value, or using contingent or nonmonetary terms.
Flashcard 4: What should a lawyer do before agreeing to settlement terms?
Answer: Confirm the client’s authority and informed consent, identify all material terms and contingencies, allocate performance obligations and deadlines, address releases and confidentiality, and provide an enforcement mechanism. The final agreement should be sufficiently definite and documented so that each party’s rights and duties are clear.
Flashcard 5: What is the difference between mediation and arbitration?
Answer: Mediation is a nonbinding facilitated negotiation in which the mediator ordinarily lacks authority to impose a result. Arbitration is an adjudicative process in which an arbitrator decides the dispute, usually under an agreement that may make the decision binding and enforceable.
Flashcard 6: What is the lawyer’s role when a client considers settlement?
Answer: The lawyer must explain material risks, reasonably available alternatives, and the practical consequences of acceptance or rejection, then provide candid advice. Under the majority professional-responsibility rule, the client—not the lawyer—decides whether to settle.
Flashcard 7: How should a lawyer distinguish positions from interests in negotiation?
Answer: A position is what a party demands, while an interest is the underlying need, concern, or objective supporting that demand. Identifying interests can reveal tradeoffs and create options that satisfy both parties better than positional bargaining.
Flashcard 8: What makes a negotiation proposal objectively persuasive?
Answer: Use legitimate objective criteria such as market evidence, contract language, customary practice, expert analysis, statutory standards, or comparable outcomes. Objective criteria support principled bargaining without treating a party’s unsupported demand as controlling.
Flashcard 9: What is the general evidentiary rule for settlement negotiations under Federal Rule of Evidence 408?
Answer: Offers to compromise a disputed claim and statements made during compromise negotiations are generally inadmissible to prove or disprove the validity or amount of that claim. Rule 408 does not bar use for every other purpose, such as proving bias, notice, or obstruction, and it requires a disputed claim and a compromising purpose.
Flashcard 10: What are the principal factors for evaluating a proposed settlement?
Answer: Evaluate expected litigation outcome, damages and defenses, costs, delay, collectability, confidentiality, precedent, nonmonetary relief, tax or regulatory effects, and enforceability. Compare the proposal’s certain value with the expected value and risks of the alternatives.
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