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.
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