ADR Types

User Generated

zmqrr

Business Finance

Question Description

ADR describes any procedure or device other than the traditional judicial process used for resolving disputes. ADR is normally a less expensive and quicker process than formal litigation. In some cases, ADR also provides the advantage of privacy. ADR procedures can help the company maintain a cordial relationship with the opposing party, dispose of issues relatively quickly, and allow for flexible and alternative solutions to business conflicts.

There are three basic types of ADR: negotiation, mediation, and arbitration.

Describe each type of ADR and answer the following questions:

  • What is the process for each type of ADR, and how can a corporate manager prepare for it?
  • What are the advantages and disadvantages of each type of ADR?
  • Discuss each type of ADR in the context of the enforceability of the decisions made.

Submit your answers in a 2- to 3-page Microsoft Word document.

Name your document: SU_MBA5005_W1_A3_Johnson_D.doc


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Explanation & Answer

nebbwpu (711)
Rice University

Anonymous
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