Methods of Alternative Dispute Resolution
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What are several types of alternative dispute resolution?
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Solution Summary
This solution discusses different types of alternative dispute resolution including arbitration and mediation along with the benefits of each.
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Arbitration: This is the dispute resolution process most closely related to a lawsuit. In arbitration, a neutral decisionmaker, known as an "arbitrator," is selected by the parties or by a neutral ADR service provider. Sometimes arbitration takes place with a panel of three arbitrators, rather than a single arbitrator. Evidence is presented to the arbitrator(s) at a formal hearing similar to the presentation of evidence in a lawsuit, although the rules that apply in court are somewhat ...
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