Dispute resolution is the process of resolving disputes between two or more parties. This can be done through negotiation, arbitration, or litigation. Dispute resolution is an important part of the court system, as it allows parties to come to a resolution without having to go to trial.
Negotiation is a process where both sides discuss the dispute and try to agree. This can be done with or without the help of a third party. If an agreement is reached, the dispute is resolved. The dispute may go to arbitration or litigation if an agreement cannot be reached.
Arbitration is a process where a neutral third party hears both sides of the dispute and makes a decision. The arbitrator’s decision is final and cannot be appealed. Arbitration is often used when both sides want to avoid a long and costly court battle.
Litigation is a process where each side tells their stories before a judge or jury. The judge or jury then decides who wins the case. Litigation can be expensive and time-consuming, so it is often used as a last resort.