Question: Required information Introduction Read the overview below and complete the activities that follow. Forms of ADR Alternative dispute resolution is available in many forms as

Required information Introduction Read the overview below and complete the activities that follow. Forms of ADR Alternative dispute resolution is available in many forms as an alternative to litigation. Recognizing the components and styles that each presents is necessary for a businesspeople to make informed and effective decisions for their company. Since many consumer contracts also include ADR provisions, it is imperative that the individual consumer also understands the nature of the contract that he or she is signing. CONCEPT REVIEW: Litigation and the various forms or systems of ADR each provide both positive and negative attributes that the informed consumer and businessperson must understand in order to make informed decisions when resolving disputes. Read the statements. Drag and drop each item into the most specifically correct spot on the chart. Each category should contain only three statements. Final Decision Litigation Arbitration Mediation Federally encouraged Involves the most time No need for judicial review Parties retain control Most expensive Both parties lose Voluntary or Mandatory Cost savings
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