Subject: Name Abdul Haseeb Reg No Fa17-Bba-014 Section Bba - 5D

You might also like

Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 3

SUBJECT

Corporate Law

NAME ABDUL HASEEB


REG NO FA17-BBA-014
SECTION BBA -5D
Alternate Dispute Resolution
Alternate Dispute Resolution typically denotes a wide range of dispute
resolution process and techniques that act as a means for disagreeing parties to
come to an agreement short of litigation. Alternate Dispute Resolution is also
increasingly being adopted as a tool to help settle disputes alongside the court
system itself.

Alternate Dispute Resolution is generally classified into four types:

 Negotiation
 Mediation
 Collaborative law
 Arbitration
 Conciliation

Negotiation

In Negotiation participation is voluntary and there is no third party who


facilitates the resolution process or imposes a resolution .

Mediation

In Mediation there is a third party mediator who facilitates the resolution


process but does not impose a resolution on the parties.

Collaborative law

In Collaborative law each party as an attorney who facilitates the resolution


process within specifically contracted terms. The parties reach an agreement
with the support of the attorneys and mutually agreed experts. No one
imposes a resolution on the parties.
Arbitration

In Arbitration participation is typically voluntary and there is a third party who


as a private judge imposes a resolution. Arbitration often occur because
parties to contract agree that any future dispute concerning the agreement
will be resolved by arbitration . This is known as Scott Avery Clause.

Conciliation

Conciliation is an alternative dispute resolution process whereby the parties to


be dispute use as conciliator who meet with the parties both separately and
together in an attempt to resolve their difference. They do this by lowering
tensions improving issues, encouraging parties to explore potential solutions
and assisting parties in finding a mutually acceptable outcome.

You might also like