Review:
Adr (alternative Dispute Resolution)
overall review score: 4.5
⭐⭐⭐⭐⭐
score is between 0 and 5
Alternative Dispute Resolution (ADR) refers to methods of resolving disputes outside of the courtroom, such as mediation, arbitration, and negotiation.
Key Features
- Mediation
- Arbitration
- Negotiation
- Neutral third party facilitation
Pros
- Cost-effective compared to traditional litigation
- Faster resolution of disputes
- Confidentiality maintained in many cases
- Parties have more control over the outcome
Cons
- Lack of legal precedent in some cases
- Possible imbalance of power between parties
- Enforcement of decisions may be challenging