What is Alternative Dispute Resolution?
Alternative dispute resolution can refer to any method used to resolve a conflict without entering a courtroom. Many individuals, families, and businesses turn to alternative dispute resolution to resolve their disputes in a less formal, less time-consuming, and less costly way. Alternative dispute resolution methods may be completely voluntary or mandated and binding.
Methods of Alternative Dispute Resolution
The four most common methods of alternative dispute resolution are arbitration, mediation, neutral evaluation, and settlement conferences. Arbitration is legally binding, while mediation and the other forms are typically voluntary and not binding. During arbitration, a third party will listen to all sides of a dispute and pass down his/her judgment. With the other forms of alternative dispute resolution, the decision making is ultimately up to those involved.
The Advantages of Mediation
Mediation is becoming one of the most popular methods of alternative dispute resolution. From divorce mediation to corporate disputes, mediation offers many benefits for all involved. Most notably, mediation is less time consuming, less costly, more private, and often less stressful than litigation or other forms of alternative dispute resolution. Mediation gives all involved a safe, confidential place to express their needs and concerns, while working toward an agreeable resolution.