1.Breakdown of ADR Costs: The costs of ADR, such as arbitration and mediation, differ significantly from litigation. Arbitration costs include administrative fees (filing and hearing fees) and arbitrator compensation, which may involve an hourly, daily, or hearing-based rate. These costs can rise with added expenses, such as room rentals, travel expenses, abeyance fees if the …
1.Mediation: Mediation is an ADR mechanism wherein an impartial and neutral person, a mediator, facilitates dialogue between two parties involved in a dispute to help them reach an amicable solution. The decision-making power remains entirely and strictly with the parties, and the mediator does not have the authority to judge or issue a decision. …
1.Introduction Alternative dispute resolution (ADR) refers to any method of resolving disputes without resorting to litigation in a court of law. ADR encompasses various processes and techniques for conflict resolution not overseen by a governmental authority, including mediation, arbitration, conciliation, negotiation, and other methods suited for different types of disputes. These processes enable parties to …
