ADR for CEOs What General Counsel Need to Know About Drafting ADR or Mediation Provisions in Contracts
Book Details
Author(s)Russell Beck
PublisherExecSense
ISBN / ASINB009CH88WY
ISBN-13978B009CH88W1
MarketplaceFrance 🇫🇷
Description
Authored by Russell Beck, Attorney at Beck Reed Riden LLP
Arbitration and Mediation, while very different, share three very important similarities. First, they are most often less expensive that the alternative (litigation). Second, they are capable of proving resolutions far more quickly than litigation. Finally, the parties have the ability to tailor, and therefore, to some extent, control the process.
To maximize the benefits of arbitration and mediation, proper drafting of the agreements governing the process is key. The more thought given to the process in advance, the better chance that the process will function efficiently and effectively.
Arbitration and Mediation, while very different, share three very important similarities. First, they are most often less expensive that the alternative (litigation). Second, they are capable of proving resolutions far more quickly than litigation. Finally, the parties have the ability to tailor, and therefore, to some extent, control the process.
To maximize the benefits of arbitration and mediation, proper drafting of the agreements governing the process is key. The more thought given to the process in advance, the better chance that the process will function efficiently and effectively.
