Introduction:
Businesses can avoid costly litigation by resolving disputes through alternative dispute resolution
(ADR).
Key Points:
Mediation: Neutral third party facilitates negotiation and settlement.
Arbitration: Arbitrator hears both sides and issues a binding decision.
Advantages: Faster, cost-effective, and confidential compared to court proceedings.
Conclusion:
ADR can preserve business relationships while achieving fair outcomes. Consult legal experts to
structure agreements properly.
