Alternative dispute resolution (ADR) is a term that refers to several different methods of resolving disputes outside traditional legal and administrative forums. These philosophically similar methodologies, which include various types of arbitration and mediation.
Arbitration is an alternative means of setttling a dispute by impartial persons without proceeding to a court trial. It is sometimes preferred as a means of settling a matter in ordert to avoid the expense, delay, and acrimony of litigation. There is no discovery and there are simplified rules of evidence in arbitration.
Mediation is a non-adversarial method of alternative dispute resolution in which a neutral third party attempts to help resolve a dispute. The mediator does not have the power to render a binding decision on the matter or order the outcome. If a satisfactory resolution cannot be reached, the parties can pursue a lawsuit.
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Shareholders may discuss the topic & vote for resolution
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Arbitration is the resolution of disputes outside of a court. The easiest way to do this would be to organize a meeting between the disputants and discuss the issues at hand until a resolution is found.
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In class,group members first discuss,and then explain the an-swers to difficult questions in of the