Define the term alternative dispute resolution

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Reference no: EM13856262

(A) Define the term “alternative dispute resolution” (ADR), and list and discuss the advantages of using ADR to resolve business disputes;

(B) List and discuss the limitations or drawbacks of using ADR to resolve business disputes; and

(C) Although there are many forms of ADR available, list and define or explain the three (3) main forms of ADR that businesses most frequently use to resolve their disputes. For each of these three (3) main forms of ADR, explain the process, the role of each participant, any options available to the parties using that form of ADR, any unique advantages and/or disadvantages to using that form of ADR, and the consequences of any outcome or decision.

Reference no: EM13856262

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