Alternative Dispute Resolution In Brief
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abstract
Disputes and conflict are inevitable and arise in every facet of business. While litigation is often unavoidable, Alternative Dispute Resolution (ADR) provides alternatives to protracted, costly, and public litigation and trials through courts and other public tribunals. Our purpose in writing this brief article is to acquaint students and instructors with a relatively short introduction and explanation of ADR and its value. First, we begin by defining ADR and its common forms and providing a brief history of ADR. Second, we address negotiation. Third, we focus on mediation, benefits, different types, and the mediation process. Fourth, we discuss arbitration, its benefits, and the enforcement of arbitration awards. Fifth, is a look at online dispute resolution, the impact of the COVID-19 pandemic on videoconferencing, artificial intelligence in ADR, and SettleShark. Sixth, is a look at international ADR. Finally, we conclude. We believe this summary provides students and educators with a useful overview of ADR, its benefits, contributions, and adoption to rapid technological change.