Asked by naved showkat on Sep 23, 2024
Verified
Arbitration is a more formal process than mediation for ADR, yet not so formal that the rules of a court must be followed.
Arbitration
A form of alternative dispute resolution where a neutral third party, the arbitrator, makes a binding decision to resolve a dispute outside the courts.
Mediation
A form of alternative dispute resolution where a neutral third party helps conflicting parties to reach a mutually satisfactory agreement.
ADR
Alternative Dispute Resolution; methods for resolving disputes without litigation, such as arbitration, mediation, and negotiation.
- Comprehend the various types of Alternative Dispute Resolution (ADR) along with their distinct features.
Verified Answer
AL
Aniya Lashaeabout 13 hours ago
Final Answer :
True
Explanation :
Arbitration involves a neutral third party making a decision after hearing both sides of the dispute, and the decision is binding. It is more formal than mediation, but the parties do not have to follow court rules or procedures.
Learning Objectives
- Comprehend the various types of Alternative Dispute Resolution (ADR) along with their distinct features.