ADR

Question 1

what is ADR

Answer 1

alternatice dispuite resolution allows parties to settle disputes with help of an independant third party without need for a formal court hearing

Question 2

what is negotiation

Answer 2

• parties directly negotiate
• cheap
• before courts involved
• not formal agreement or enforceable

Question 3

what is mediation

Answer 3

• facilitator helps the parties reach an agreement
• dosnt impose a solution, no opinion
• conversations are private
• not legally binding

Question 4

what is conciliation

Answer 4

• paid for by parties
• 3rd party suggests grounds for comprimise
• results not legally binding
• discussions here cant go to court

Question 5

what is arbitration

Answer 5

• private
• recognised expert in that particular area
• can take place in person, hearing, paper ect
• can include more than one arbitrator
• decision legally binding