The Traded Disputes Act in my life set out in clear terms the procedure for handling disputes when they arise. When a dispute occurs or a grievance attains a dispute status, both are to use their internal machinery to settle it. However, when the internal machinery fails to resolve the dispute, they would then move to the Third Party Intervention. The Third-party intervention in the resolution of Trade Disputes begins the the signing of the Agreement of Disagreement. The third party intervention could either be voluntary or compulsory. First stage of third-party intervention is called MEDIATION. This is where both parties agree to appoint a mediator acceptable to them to help in resolving the dispute. Second Stage of the third-party intervention comes when the first stage fails to resolve the dispute. This compulsory stage is called CONCILIATION. It comes by either party declaring a trade dispute against the other. At this point, the...