Meaning of Dispute:
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".
Meaning of Resolutions
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
Meaning of ADR:
Alternative dispute resolution (ADR) refers to the different ways people can resolve disputes without a trial. Common ADR processes include mediation, arbitration, negotiation and neutral evaluation.
Mediation:
A collaborative process where a mediator works with the parties to come to a mutually agreeable solution; mediation is usually non-binding
Arbitration
A process similar to an informal trial where an impartial third party hears each side of a dispute and issues a decision; the parties may agree to have the decision be binding or non-binding.
Negotiation
Negotiation involves two parties discussing and compromising to obtain an agreed solution.Negotiation is usually carried
out without legal representatives, but each
party can take their own legal representation to assist