Question

If you had a dispute, would you prefer to litigate or use alternative dispute resolution? Why? If you had to use alternative dispute resolution, which form would you choose? Discuss the benefits of the method using a specific example.

Answer 1

If I have go through a dispute, I prefer Alternative dispute resolution. ADR is a method introduced by corporate experts back in 1980s. It is a method of settling corporate issues between two or more parties/companies without the interference of court. The ADR helps the corporation's to settle the issues without spending a huge financial burden to the court. For example if the company A copies the method or product design of a competing B company then if the malpractice came into the view of court the company A has to settle the company B and also has to pay the penalty of breaking the law. If the ADR is implemented the company A only have to settle the company B.
In ADR ( MEDIATION) is an effective method, The mediation is a method where a third party arises between the rivals and negotiate for the wellbeing and proper settlement of the parties.
For example: when an issue of 500cr arises between Mr Anil Ambani and Ericsson company arised, Anil Ambani was liable for paying 500cr to the Tec-giant Ericsson. Big brother and chairman man of RIL Mukesh Ambani act as a mediator and settled the amount to Ericsson to save Anil Ambani from law disputes.