oboloo

oboloo Glossary

Alternative Dispute Resolution (ADR)

Alternative Dispute Resolution (ADR)

Alternative Dispute Resolution (ADR) is a process for resolving disputes between two or more parties without going to court. ADR can be used for a variety of disputes, including contract disagreements, wage disputes, personal injury claims, and property damage claims. The most common types of ADR are mediation and arbitration.

Mediation is a process in which a neutral third party (the mediator) helps the parties to reach an agreement. The mediator does not make decisions or impose solutions; rather, he or she helps the parties to communicate more effectively and to explore different options for resolving their dispute.

Arbitration is a process in which a neutral third party (the arbitrator) hears both sides of the dispute and then makes a decision. Arbitration is similar to mediation, but the arbitrator has the power to make binding decisions.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2023 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971