Describe Alternative Dispute Resolution
What do you mean by Alternative Dispute Resolution?
Expert
Alternate dispute resolution (ADR) refers to private procedures to resolve disputes without going to court. The advantages of ADR comprises reduced cost, choice of negotiator, speed, arbitrator, confidentiality (not generating bad publicity or divulging confidential information), and the preservation of ongoing relations between the two parties.
ADR may be preferable because the outcome of a trial is unpredictable, given the number of factors that go into a trial. Furthermore, sometimes no amount of money awarded in damages by a judge will make the situation right, and ADR may allow for an alternative outcome, such as an explanation and an apology. Finally, ADR may allow for a win-win resolution.
Illustrate what do you mean by Negotiable Instruments?
Explain the Third-Party Liability and the Tort of Negligent Misrepresentation?
Illustrate the term Liabilities?
Explain Certainty of Terms?
What are the Potential Liability of Officers and Directors?
What do you mean by Property Rights?
Describe the Standard of Care Breached?
What is the main disadvantage of the sole proprietorship?
What are the Acts of termination and Post-Employment without any cause?
What are the different types of Alternate dispute resolution (ADR)?
18,76,764
1944745 Asked
3,689
Active Tutors
1419407
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!