Alternative Dispute Resolution (ADR) refers to any means of settling disputes outside of the courtroom. ADR typically includes early neutral evaluation, negotiation, conciliation, mediation, and arbitration.  

The term "Dispute" in Alternative Dispute Resolutions (ADR) means-  "a specific disagreement concerning a matter of fact, law or policy in which a claim or assertion of one party is met with refusal, counter-claim or denial by the other". The term "Resolutions" under the auspices of ADR denotes- "the way of finding solution of a dispute by the agreement of both the parties with some mutually agreed terms". 

Advantages of ADR- 

ADR processes have a number of advantages. They are flexible, cost-efficient, time-effective, and give the parties more control over the process and the results.

Disadvantages of ADR- 

i) Not suitable for all disputes. 

ii) Decisions are not legally binding (except Arbitration). 

iii) Dispute may still end up in Court.