Edward Sour owns and leases a building where Crazy Coco manufactures and sells various candies. Crazy Coco signed a 4-year lease at a fixed monthly lease fee. Mr. Sour believes Crazy Coco has violated the terms of the lease and sends a demand letter stating that he is terminating the lease unless Crazy Coco agrees to an immediate 20% increase in its monthly lease payments. What methods for resolving this dispute are available to the parties? What are the ramifications of pursuing each different method? Which method do you believe is to the greatest advantage of both parties? Why?
Consider the ideas presented throughout this course. How will these influence your daily business interactions? Explain. Will this information influence your dissertation research? Why or why not?