ADR is often utilized in business disputes because it offers more than a cold-hard decision. Alternative Dispute Resolution services shine in the business industry because, more often than not, the underlying cause of a dispute is rooted in economic issues, not necessarily legal issues.
ADR has been integrated into business disputes in various forms, including formal settlement conferences, mediation, and arbitration. Formal settlement conferences, when presided over by a lawyer, give the parties a valuable and neutral case evaluation. Sometimes formal settlement conferences aren’t always long enough for parties in a business dispute to come to a resolution, and a mediation or arbitration is necessary.
Mediation and arbitration are important assets in business disputes because they can be broken into sessions in which information that wasn’t available at the start may become known as it progresses.
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