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An analysis of the effectiveness of the particular dispute resolution process will be given.
The use of the court system to resolve business and other disputes can take years and cost thousands, if not millions, of dollars in legal fees and expenses. In commercial litigation, the normal business operations of the parties are often disrupted. To avoid or lessen these problems, businesses are increasingly turning to methods of alternative dispute resolution (ADR) and other aids to resolving disputes. The most common form of ADR is arbitration. Other forms of ADR are mediation, conciliation, minitrial, fact-finding, and a judicial referee (Cheesemen, 2004)...
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