Alternative Dispute Resolution (ADR), often abbreviated as ADR, is a process for resolving disputes without resorting to litigation. This includes methods such as arbitration, mediation, or negotiation. ADR procedures are typically more cost-effective and expeditious than traditional legal proceedings. ADR offers several advantages over litigation, leading to better, quicker, and more economical results. The primary goal is to reduce the stress and formality associated with court appearances. ADR is generally categorized into four main types:
- Arbitration: This is a process similar to an informal trial where an impartial third party hears each side of a dispute and issues a decision. The parties may agree to make the decision either binding or non-binding.
- Mediation: A collaborative process where a mediator assists the parties in reaching a mutually agreeable solution. Mediation is usually non-binding.
- Mini-Trial: An off-the-record process designed to resolve the dispute as quickly as possible with the consent of both parties.
- Negotiation: A flexible approach to dispute resolution, sometimes referred to as a “win-win approach.” When parties adopt an interest-based approach, focusing on their mutual needs and interests, there is a greater chance of reaching an agreement that satisfies both parties.
Global Allianz Law Firm LLP specializes in representing and defending individuals who seek assistance in resolving legal disputes outside the comparatively expensive court system. Our attorneys leverage extensive experience to draft Alternative Dispute Resolutions. We provide legal support to ensure that our clients’ disputes are resolved with minimal cost, time, and, most importantly, with maximum benefits based on the specific conditions and complexity of each case.
