Asked by Dianna Juanes on Jul 04, 2024
Verified
____________ ADR systems are those in which the third party makes a binding decision that the negotiating parties must live with.
Binding Decision
A final and enforceable decision made by an authority such as a court or arbitrator, from which parties cannot deviate.
ADR Systems
Alternative Dispute Resolution systems are methods of resolving disputes without traditional litigation, including mediation and arbitration.
- Understand the variances between mediation and arbitration as techniques for dispute settlement.
Verified Answer
ZK
Learning Objectives
- Understand the variances between mediation and arbitration as techniques for dispute settlement.
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