Alternative Dispute Resolution
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What is Alternative Dispute Resolution?
Alternative Dispute Resolution (ADR) methods include negotiation, mediation, and arbitration. These approaches aim to offer parties in commercial disputes a quicker, cost-effective, and less adversarial means of resolving their issues. Courts actively encourage parties to consider ADR before pursuing formal litigation, and in some cases, parties may be penalised if they unreasonably refuse ADR.
ADR can be particularly beneficial in complex commercial cases where preserving business relationships is important, and it allows for more flexible and creative solutions than a court judgment might provide.
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