Alternative Dispute Resolution Flashcards by Alexandra Negoita | Brainscape

Q

What are the main ADR methods?

A

o Mediation, arbitration, and negotiation.

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Q

What is mediation?

A

o A neutral third party facilitates amicable conflict resolution.

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Q

What is arbitration?

A

o Binding dispute resolution by a neutral arbitrator or panel.

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Q

What are the advantages of ADR?

A

o Cost efficiency, speed, and confidentiality.

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