Alternate Dispute Resolution System Notes
Alternative dispute resolution (ADR) known in some countries, such as India,as external dispute resolution) typically denotes a wide range of dispute resolution processes and techniques that act as a means for disagreeing parties to come to an agreement short of litigation: a collective term for the ways that parties can settle disputes, with the help of a third party. However, ADR is also increasingly being adopted as a tool to help settle disputes alongside the court system itself.
Introduction to Arbitration
Arbitration is emerging as the first-choice method of binding dispute resolution in the widest range of international commercial contracts. It is a private process requiring the agreement of the parties, which is usually given by way of an arbitration clause in the contract. If there is no contractual provision to arbitrate, a separate arbitration agreement may be entered into once a dispute has arisen.