Alternative Dispute Resolution Mechanism
Alternative Dispute Resolution Mechanism is one of the quasi-judicial methods where the parties settle their dispute through informal cooperative legal proceedings. There is neither a court room nor judges but only the persons chosen by you. The decision made by the persons of your choice shall be binding upon the other parties. There is a legal sanctity to the decision and you can enforce it through the coercive power of the court. In comparison to the court fees and other legal expenses, the total cost involve in the arbitration proceedings is normal and easily bearable and that to the unlimited amount involve. You can fix the time for the settlement of your dispute. The arbitration proceedings are conducted as per the rules recognized by the law of land
Friday, April 17, 2009
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