Law 531 Contrast and Compare Traditional Litigation with Non Traditional Litigation

ADR means Alternative Dispute Resolution

Arbitration Process

You may have encountered an arbitration clause in a contract and wondered what it is and whether you should be happy or upset about this clause. Or a colleague may have suggested to you that you include an arbitration clause in a contract, and you are wondering why this would benefit you. Arbitration as a process is very different from the process of litigation (trying cases in court), for business disputes. Here is a listing of the differences

Public/Private, Formality

The arbitration process is private, between the two parties and informal, while litigation is a formal process conducted in a public courtroon.

Speed of Process

The arbitration...