Alternative Dispute Resolution is an alternative to litigation in which the parties at odds agree to be bound by the decision of an independent and impartial third party.
Why Select Alternative Dispute Resolution?
Alternative Dispute Resolution is often much quicker and more cost-effective. It is offered for many different kinds of cases like civil lawsuits. Alternative Dispute Resolution clauses are common in employment contracts because it often saves companies money and bad publicity. Construction, employment, contract, securities regulation, and business disputes are also common examples of cases that use alternative dispute resolution.
Are There Different Kinds of Alterative Dispute Resolution?
Arbitration and Mediation are the two most common types of Alternative Dispute Resolution, although negotiation and collaborative law are also widespread. While there are differences between the types of alternative dispute resolution, all share the common goal of avoiding a court trial.
Can An Alternative Dispute Resolution Be Overturned?
If an agreement is not reached between the two parties then it will go to trial. Since the 1956 Uniform Arbitration Act and revisions in 2000, arbitration agreements and awards are generally enforceable under state and federal laws if an agreement is reached.
Should I Hire A Lawyer If My Case Qualifies for Alternative Dispute Resolution?
A reputable lawyer can advise you on your options and the best course of legal action helping you to take into account other contingencies with which you may not otherwise be familiar.