23 Aug What is alternative dispute resolution?
If you are involved in a dispute, you may have heard about alternative dispute resolution as a way to avoid going to court. Sometimes, disputes can be resolved without litigation through a process called alternative dispute resolution (ADR). The process involves mediation between the two disputing parties handled by a third party mediator. The arbitration process is less formal than a traditional courtroom setting and also may be less stressful for all parties involved.
There are some distinct advantages to alternative dispute resolution. The process usually takes less time than a court proceeding, costs less, offers more confidentiality to the involved parties and also may be less emotionally taxing. When the parties involved help create their own solutions, the outcome may bring more satisfaction and have longer lasting results than a court ruling.
Alternative dispute resolution has become popular in recent years for just those reasons. Many businesses are using alternative dispute resolution, finding the process to be more cost and time efficient than going to court. ADR can be used to settle disputes between companies and their clients, employees, partners, suppliers, and more.
Alternative dispute resolution is not ideal for every type of dispute, but it can be helpful when all parties need to air their grievances in front of a neutral third party and work together to find a solution.
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