oboloo Glossary

Contract Dispute Resolution

oboloo Glossary

Contract Dispute Resolution

Contract Dispute Resolution

Contract Dispute Resolution (CDR) is a process that helps parties resolve disputes without going to court. It can be used for all types of contracts, including construction contracts, service contracts, and purchase agreements.

CDR can be used to resolve disputes over money, performance, or breach of contract. It can also be used to interpret the meaning of a contract or to clarify the rights and obligations of the parties.

CDR is typically faster and less expensive than litigation. It is also often more confidential than litigation, which can be important for businesses.

There are many different methods of CDR, including mediation, arbitration, and mini-trials. Parties can choose the method that best suits their needs and interests.