What are the primary types of Alternative Dispute Resolution?

What are the primary types of Alternative Dispute Resolution?

• A. Negotiation and Litigation
• B. Arbitration and Mediation
• C. Settlement and Review
• D. Consultation and Evaluation

Answer: (B)

The primary types of Alternative Dispute Resolution (ADR) are arbitration and mediation. Arbitration is a process where the parties in a dispute agree to submit their case to a neutral third party, known as an arbitrator, who renders a binding decision. This is often used as a substitute for traditional litigation, allowing parties to resolve their disputes more quickly and with less formality. Mediation involves a neutral third party, called a mediator, who facilitates discussion and negotiation between the disputing parties with the goal of reaching a mutually acceptable resolution. Unlike arbitration, the mediator does not make a binding decision; instead, they help guide the parties toward a settlement. Both arbitration and mediation are integral to ADR as they provide alternatives to the often lengthy and expensive process of litigation, giving parties more control over the resolution of their disputes while preserving relationships when possible.

The primary types of Alternative Dispute Resolution (ADR) are arbitration and mediation.

Arbitration is a process where the parties in a dispute agree to submit their case to a neutral third party, known as an arbitrator, who renders a binding decision. This is often used as a substitute for traditional litigation, allowing parties to resolve their disputes more quickly and with less formality.

Mediation involves a neutral third party, called a mediator, who facilitates discussion and negotiation between the disputing parties with the goal of reaching a mutually acceptable resolution. Unlike arbitration, the mediator does not make a binding decision; instead, they help guide the parties toward a settlement.

Both arbitration and mediation are integral to ADR as they provide alternatives to the often lengthy and expensive process of litigation, giving parties more control over the resolution of their disputes while preserving relationships when possible.