Alternative Dispute Resolution (ADR) …show more content…
Alternative dispute resolutions (ADR) are methods used by companies to resolve disputes without taking the matter to court. There are many different types of ADR programs that are available; however, the three basic types are arbitration, mediation and negotiation. Federal and state governments encourage using ADR programs to promote settlements and avoid matters going to court
Benefits of ADR. There are many benefits to using alternative dispute resolution techniques over traditional litigation. Execution of a thoroughly crafted alternative dispute resolution strategy can produce a judgment in months rather than years. Traditional litigation procedures can be very costly and timely. By using alternative dispute resolution techniques the company will be able to save a substantial amount of money on lawyer fees among other costs. Alternative dispute resolution techniques allow for flexible business solutions that are not available through traditional litigation (Woods,