Alternative Dispute Resolution is the new face of the process to settle disputes out of the system of the traditional court system. The significant benefits, which ADR provides businesses as well as individuals while resolving the disputes, bring about resolution in a dispute more economically and efficiently.
Types of ADR: Mediation, Arbitration, and Negotiation
ADR includes three types-mediation, arbitration, and negotiation. Mediation is the procedure through which a neutral third party can help both the disputing parties in getting their voice through communication for finding an acceptable solution between them. Arbitration is more formal; there the arbitrator delivers his judgment once he listens from both sides. Negotiation helps parties in settling the issue directly between the two without using third-party support. Najla Law Firm provides legal expertise to guide its clients in the ADR process towards just results.
Cost and Time-Effective Advantage: One of the significant characteristics of ADR is that the former saves cost more than lawsuits filed in courts. Matters pending in courts take a lot of months or even years; ADR methods usually require weeks to resolve disputes. The costs tend to be lower as it’s much less formalistic compared to litigation. At Najla Law Firm, we even enable business ventures select appropriate methods for ADR in order to expend low amount for cost and achieve time-saving factors.
Confidentiality: Unlike the public nature of the processes in courts, the ADR processes are strictly confidential. All sensitive information, that may wish never to feature at court processes, is put confidential; which would be a very big deal in the business of the Company in disputes that dent reputation, and our company ensures, in course of ADR, that the interest of a client is protected. This makes their business matters confidential.
Preservation of Relationships: Mediation techniques, as applied with ADR, are very cooperative and work out for mutually acceptable solutions. As a result, the relationship remains sound and intact with disputing parties. More specifically, this is all important for businesses that should establish long-term relationships with the customers, suppliers, or other partners. Najla Law Firm advises clients to regard ADR as a tool that would help preserve much value in business relationships.
Flexibility and Control: ADR offers more flexibility as compared to the process in litigation because a party can control the way the process takes place. A party is allowed to choose his preference of arbitrator or mediator and even determine how to conduct his procedural rules. This will make ADR the best option for both business and individuals who may have specific solutions for solving the disputes.
Alternative Dispute Resolution holds tremendous advantages to resolve disputes effectively and inexpensively with less harm done to relationships. Najla Law Firm has promised to help our clients move through the ADR processes, ensuring just outcomes while defending their interests.
