As a small business owner, navigating disputes with other businesses can be an overwhelming and stressful experience. Alternative Dispute Resolution (ADR) is a valuable alternative to the traditional court system and can provide a more efficient, timely and cost-effective resolution.
Benefits of ADR include:
- Lower costs: ADR generally involves lower costs than traditional litigation.
- Quicker timeframes: ADR offers a faster resolution than court proceedings.
- Private and confidential: All ADR processes are private and confidential.
- Flexible resolutions: ADR allows both parties to see things from the other side. You also have more control and work to agree on outcomes.
- Preserving business relationships: ADR processes encourage collaboration and offer parties a way to find a mutually acceptable solution while preserving business relationships.
For more information about ADR, the different sorts and what they are used for, read or download What is ADR?
Find an ADR practitioner in your state below.
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