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Alternative Dispute Resolution (Adr)

Alternative Dispute Resolution (ADR)

The life span of a court case is usually measured in years and the cost of court cases can be measured in the thousands if not millions of dollars. I order to avoid or lessen the cost and time associated with court cases Alternative Dispute Resolution has been established. The five types of Alternative Dispute Resolution are discussed below.
Arbitration
Parties using arbitration would choose an impartial to hear and rule on the dispute. This person is called the arbitrator. The decision of the arbitrator is final and the parties involved usually agree to be bound by the decision. If no agreement is present the decision can be appealed to court.
Mediation and Conciliation
The parties choose a neutral third party in mediation. In conciliation the party chooses an interested third party. The mediator or conciliator does not have the power to make decisions. This person will assist the parties involved in the dispute in reaching a......


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Approximate Word Count: 787
Approximate Pages: 4 (250 words per double-spaced page)

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