BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Litigation is the process of taking a legal dispute through the court system. It can be used to resolve a wide variety of disputes, including contract disputes, personal injury claims, and business disputes.

Detailed explanation-2: -Litigation is concerned with the judicial proceedings conducted in the court over a lawsuit. While a lawsuit is concerned with civil law, judicial proceedings can be either civil or criminal. Therefore, litigation merely refers to the process of bringing up a lawsuit and not the lawsuit itself.

Detailed explanation-3: -Engaging in litigation can mean protecting intellectual property, sets a precedent and can sometimes be less costly than other methods and also becomes public record. Disadvantages are that it can be a lengthy process, can damage relationships and be impersonal.

Detailed explanation-4: -Litigation is generally thought of as the process of resolving rights-based disputes through the court system, from filing a law suit through arguments on legal motions, a discovery phase involving formal exchange of information, courtroom trial and appeal.

Detailed explanation-5: -Arbitration is a method of resolving the dispute in which a neutral third party is appointed to study the dispute, listen to the parties and then make recommendations. On the other hand, litigation is described as a legal process in which the parties resort to the court for the settlement of disputes.