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I need help with a Business question. All explanations and answers will be used to help me learn.
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:
Submit your answers in a 2- to 3-page Microsoft Word document.
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