What method is generally preferred to resolve contract disputes because it saves time, money, and preserves relationships between the parties

Question

03-07-2021
Business

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What method is generally preferred to resolve contract disputes because it saves time, money, and preserves relationships between the parties

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eooyibo123 eooyibo123 · Answer 1 · 2021-07-04T21:34:04-04:00

Answer:

Alternative dispute resolution

Explanation:

Alternative dispute resolution is that way that a better alternative is chosen in resolving legal issues in civil and and commercial disputes without going to court.

This is less cumbersome, expensive, and time consuming.

There are 4 types of alternative dispute resolution: mediation, settlement, arbitration, and neutral evaluation.

Usually a third party is involved and acts as an umpire to ensure all parties are satisfied

What method is generally preferred to resolve contract disputes because it saves time, money, and preserves relationships between the parties

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