Alternate Dispute Resolution, ADR, is a way to settles
disputes in other means then litigation. What it means to me is basically
finding another way, or even grounds to make a decision that would benefit both
sides. Alternate dispute resolution is an effective way to find even grounds by
means of Arbitration which is when both sides agree on letting a third party
make the decision and then bind on it, Mediation, which is a neutral body
coming into the situation to help both parties come to an agreement on even
grounds where both sides can benefit, but the mediator does not get to make the
final decision in the end and the final process being Negotiation, which is
pretty much what it sounds like, a process requiring good communication skills
to bring the process along, cooperation and compromise to find even grounds and
it could improve the relationship or destroy it. The 3 processes that make up
alternate dispute resolution help make important decisions in businesses around
the world but do not get it confused with litigation and it differs on a key
thing if you ask me, and that is the fact you don’t have to go to court and
avoid a long tedious process that would require time and money, and in a
business world, Time IS Money! Some advantages Alternate dispute resolution has
over litigations include things like how bother parties maintain control over
what happens and it saves a lot of money from court fees and such, and its faster
than litigation's, but with advantages there are some disadvantages being courts
have more power to extract information and a fair process cannot be ensured.
Although I can’t say I’m in any big corporate bargaining deals such as the NHL
Lockout that had happened, but I can tell you this, when I was watching TSN
listening to all this talk about deals and Mediators and Arbitration's amongst
players and teams, I had no idea what they were talking about, but with the
information I’ve gathered from class I can finally understand what they are
talking about! I plan on opening a bar, so maybe I would have to negotiate
lease terms on a potential site for my bar making sure I’m not getting hustled
out of making money.
Honestly,
the only way I can relate this to my real life would be bargaining chores
around the house with my siblings, for example, who has to pick up the poo from
the backyard, I proposed a new deal saying, stop letting him do business in the
backyard and take him out for walks, therefore you don’t become lazy and gain
weight. No deal has currently been met, but I continue to provide my K9 with
long walks for excersize.
Ok
seriously? What will I do to use ADR, or what specific actions will I take? Ummm…
I’m still in school so unless you want to bargain tuition fees… don’t phase me.
