Litigation can be an expensive and stressful choice for individuals or companies who find themselves involved in disputes. Here we look at four alternative dispute resolution options.
Remember, ADR is a way of resolving conflicts fairly and quickly.
Mediation
This normally involves a third party who encourages communication between parties in conflict. Rather than making decisions on disputes, they will encourage discussion and explore any solutions which could be offered. Solutions could be reached in a matter of days.
Solicitor’s Offers
If you have already instructed a solicitor, they will do all they can to avoid a protracted case, as they too will have an eye on costs that may be incurred. Your lawyer may suggest that an offer is made to the other party that could lead to a settlement. One major advantage is that you control the outcome, rather than relying on a judge deciding in your favour.
If you are resident in the capital, you will find a London law firm by checking online for companies such as https://www.forsters.co.uk/.
Arbitration
This is an ADR procedure which is a little more formal. Here, an independent arbitrator will listen to both sides of the argument and then make an informed decision. That will normally be binding on both parties who can set the parameters of the hearing. Arbitrators will normally have an expertise in the area of the dispute and the hearings will be confidential.
Direct Negotiation
This can mean face-to-face negotiations between the parties or discussions between their solicitors. It is a good way to begin discussions.