Compromise

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A compromise is the exchange of promises between two or more persons. This is the outcome of a negotiation between involved parties; each of them would make concessions in order to reach a mutual solution that they would have to jointly respect.

The compromise may be total (the participants have treated all the questions and points they were expecting to deal with) or partial.

All parties may be completely satisfied or, on the contrary, still have dissatisfactions. The complete and unambiguous aspects of the compromise will measure its quality. For example, a compromise, which is supposed to represent the reached solution, would become a source of any trouble if one of the parties argued something that another party had not included in the agreement.

Furthermore, the way that the promises are respected will strongly influence the following events. The best compromise is useless without its execution.

The term compromise can also refer to a selected choice among several solutions where none is completely satisfactory.

[edit] In law: the Arbitration Clause

This clause enables the parties of a contract to consider an alternative dispute resolution that may arise during the execution of their contract; to consider another way than a judicial proceeding. It forces the parties to look for a compromise, either by mediation or by recourse into arbitration.

An arbitration clause can not compel a party to appeal to an internal department of a company, even if this service has been appointed mediation or arbitration.

[edit] Also to Read

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