In 2014 Karen DeSoto and David S. Weiss wanted to find a vehicle to help promote New Jersey cross-border trade. They then co-founded and developed the Institute of Dispute Resolution at New Jersey City University (the School of Business).
What is the Institute’s purpose?
To promote international negotiation and mediation techniques in order to manage disputes in cross-border commercial, investor-state as well as general conflict resolution forums.
To that end, the Institute engages in applied research in the fields of negotiation and mediation studies, to apply these principles:
The Institute’s mission is “to promote trade and commerce applying international mediation from a business school prospective, and to promote New Jersey as a place to conduct cross border disputes”.
How does the Institute plan to accomplish its mission?
To be able to successfully accomplish the Institute’s mission, several key objectives include program initiatives such as applied research in the field of mediation, seminars and programs, exchange programs, field work, and publications. Along with that, the Institute also aims at achieving its mission by engaging in legislative policy initiatives.
To date the Institute for Dispute Resolution at NJCU contributed to state Bill S602, which was signed into law February 2017.