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7 Cards in this Set

  • Front
  • Back
Alternative dispute resolution (ADR)
any means of settling a dispute outside the courtroom
simplest form of ADR, in which the parties (with or without attorneys) attempt to reach a resolution without involving third parties
a neutral third party mediator (a “neutral”) facilitates communication between the parties and guides them toward a voluntary settlement. Mediators do not impose a solution on the parties—they assist parties in finding solutions.
a dispute is submitted to one or more impartial persons (arbitrators) who will hold a hearing and make a final and binding decision in the matter
Arbitration clauses
specify choice of arbitrators and/or location of hearing, and may exclude some matters from the arbitration requirement.
Federal Arbitration Act
a party may petition a federal district court for an order compelling arbitration where there is a contractual agreement to arbitrate disputes
Arbitration Process
submission, hearing, award