Corporations should think about using Alternative Dispute Resolution (ADR) for a few important reasons:
Saves Money: Going to court can be really expensive because of court fees and lawyer costs. ADR methods, like mediation and arbitration, usually cost a lot less.
Saves Time: Court cases can take many months or even years to finish. With ADR, especially arbitration, problems can often be solved much faster — sometimes in just a few weeks.
Keeps Things Private: ADR methods are usually private. This means that important information doesn’t have to be shared with the public. This is really important for companies that want to keep their data safe.
Customizable: ADR processes can be designed to fit the needs of the people involved. They can choose where to meet, who will help solve the problem, and even make their own rules. This flexibility is not usually available in traditional courts.
Helps Maintain Relationships: When businesses have disputes, it’s important to keep good relationships. ADR can be less confrontational than going to court, making it easier for everyone to work together to find a solution.
In short, using ADR can help everyone find a better and more workable solution!
Corporations should think about using Alternative Dispute Resolution (ADR) for a few important reasons:
Saves Money: Going to court can be really expensive because of court fees and lawyer costs. ADR methods, like mediation and arbitration, usually cost a lot less.
Saves Time: Court cases can take many months or even years to finish. With ADR, especially arbitration, problems can often be solved much faster — sometimes in just a few weeks.
Keeps Things Private: ADR methods are usually private. This means that important information doesn’t have to be shared with the public. This is really important for companies that want to keep their data safe.
Customizable: ADR processes can be designed to fit the needs of the people involved. They can choose where to meet, who will help solve the problem, and even make their own rules. This flexibility is not usually available in traditional courts.
Helps Maintain Relationships: When businesses have disputes, it’s important to keep good relationships. ADR can be less confrontational than going to court, making it easier for everyone to work together to find a solution.
In short, using ADR can help everyone find a better and more workable solution!