“Great is the power of steady misrepresentation, but the history showcases that this power does not last long”. There are often times where businesses find shortcuts in order to convince the other party and these shortcuts may sometimes lead to fraudulent misrepresentation.
What is Fraudulent Misrepresentation?
“Evolution is the process of constant branching and expansion”. The goal of a business is to survive, earn profits and grow further. Many businesses find different ways of expanding, either through obtaining shares, acquisition or partnership. Businesses even hire finders to identify potential customers, locate strategic partners and acquire adequate finances.
What is a finder’s agreement?
“Your life doesn’t get better by chance; it gets better by change”. Freelancers often are people who constantly seek for change. They keep offering their services to different companies in order to extend their boundaries and gain exposure as well as experience. However, it is certain that there might be disputes that may occur when a person chooses a freelancing career.
What kind of disputes can occur?
"Privacy is not negotiable; it is the right of each individual". In today’s fast-growing era, technology is playing a very huge role. The internet has become a very effective tool wherein a person can access all the necessary information. It has become a medium to ease transaction, payment thereby slowly heading towards a direction of a cashless economy. In this situation it becomes very relevant to have information to keep certain things private and all the legalities to understand one’s privacy rights.
What is mediation?
Mediation is a process in which the parties discuss their dispute with the help of a third-party mediator. The two parties involved in the dispute sit down with a mediator, and discuss their dispute. The mediator’s job is to mediate, as the word suggests. Both the parties put forth their points, and via the mediator, they negotiate with each other. Effectively, the parties will come up with the resolution as the process of mediation goes forward.
Don't Hate; Mediate!!
So, Let's do an analysis with the process of Mediation!!
“Mediation is a dynamic, structured and an interactive process that helps impartial third parties to resolve disputes using specialized communication and negotiation methods. All mediation participants are encouraged to actively participate in this process from a neutral perspective and the mediator assists the parties to solve the dispute via negotiation process "
Some Pros and Cons of the process:
Pros:
First comes a major technological advancement. Next comes rise in business and transactions from this advancement. What’s next? Inevitably, disputes arise from the escalating business interactions involving the new technology.
For 100’s of years, commercial businesses and individuals have pursued their contractual remedies and resolved their issues by resorting to the court systems available in their jurisdictions. This will continue.
"People were doing business with one another through the Internet already, through bulletin boards. But on the Web, we could make it interactive, we could create an auction, we could create a real marketplace. And that’s really what triggered my imagination, if you will, and that’s what I did.”-as said by Pierre Omidyar, Founder of eBay.
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