Advantages And Disadvantages Of Alternative Dispute...

Advantages And Disadvantages Of Alternative Dispute...

There are different forms of alternative dispute resolutions, each having advantages and disadvantages. The key to understanding the advantages and disadvantages of the forms of dispute resolutions is the be knowledgeable of the meaning and the use of alternative dispute resolution. Alternative Dispute Resolution is said to, "offers parties alternative means of resolving their differences outside actual courtroom litigation and the costly preparation for it", (Jennings, M., 2015 pg. 101). Arbitration is one form of dispute resolution. Arbitration is defined as the, "oldest form of ADR and was once the most popular form of alternative dispute, but its increasing costs and time commitment have found businesses and lawyers labeling it, no different from litigation" (Jennings, M., 2015 pg. 101). The advantages of arbitration include; the members of both parties agree to have the same arbitrator, someone both sides trust. Other advantages include; the process of arbitration is quicker than waiting on a court date, the fees are not expensive as it is when paying court fees, there is very limited chances that an appeal will happen, and there is more privacy in arbitration compared to having a trial. The disadvantages of arbitration are; once a decision is made it is final because both parties gave up the right to an appeal, in some cases the arbitrator fees can be more expensive depending on the evidence needed, any evidence can be considered in arbitration unlike in court

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