Review:
Alternative Dispute Resolution Mechanisms
overall review score: 4.5
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score is between 0 and 5
Alternative dispute resolution (ADR) mechanisms are methods used to resolve disputes outside of the formal court system. These mechanisms are often quicker, less expensive, and more flexible than traditional litigation.
Key Features
- Mediation
- Arbitration
- Negotiation
- Conciliation
- Collaborative law
Pros
- Faster resolution of disputes
- Cost-effective compared to litigation
- Confidentiality in proceedings
- More flexible and creative solutions
Cons
- Lack of enforceability in some cases
- Potential bias of arbitrators
- Limited power to compel parties to participate