Alternative Dispute Resolutions

Alternative Dispute Resolutions, which can be shortened to ADR, has a sole purpose. This purpose is to be used to form a solution where litigation is not the main method. Before entering into Business Law I at Florida Atlantic University I was aware that Alternative Dispute Resolutions (ADR) were options available to settle arguments aside from using litigation. I was also aware that it is a cheaper method more often than not. The forms of alternative dispute resolutions that I was aware of are negotiation, as well as meditation which has many forms, but I to be honest didn’t know very much about this concept at all.

From taking business law I have learned many things I never knew were a part of the justice system, and also what is going on behind the scenes with business and law. Other than meditation and negotiation I learned that the other forms of Alternative dispute resolutions included arbitration which is the settlement of a dispute by a neutral third party not a part of the judiciary system. There are steps to the method arbitration which are, the hearing, and the award which is usually decided within thirty day. There are also ways to protect this method by the binding arbitration clause and agreements such as submission agreements. Other methods of ADR include a summary jury trail, a minitrial, and also private trials. All these methods speak for themselves (Kubasek, 2015).

On the topic of Alternative Dispute Resolutions I would love to learn how to tell when you should use litigation or alternative dispute resolutions and which ones