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What are alternative dispute resolution systems, why are they increasing in use, and what four stages generally constitute a system?
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The following will further your knowledge in this area and assist with your studies.
Alternative Dispute Resolution Systems
Alternative dispute resolution systems are just that, alternative ways to dispute a contract. The forms of alternative dispute resolution systems are mediation and arbitration. Both are alternatives to solving a dispute and the parties hired to hear the dispute are uninterested third parties hired to rule on the dispute.
With an arbitrator, both parties choose their own arbitrator who in turn chooses the final arbitrator who will hear the case and a ruling is made. With mediation, one mediator is chosen by both parties. The …
