Reducing Litigation Cost in Corporates Through ADR: Issues and Suggestions

Abstract

Commercial disputes between parties are inevitable and increasing with complexity of business. However, intelligent, smart and thoughtful strategies can be taken to reduce disputes, if not avoid the disputes. This article suggests a few actions to be taken and a few issues to be addressed to reduce commercial disputes. However, where disputes have already arisen, the logical sequence should be to settle the dispute. The article suggests ways and means of settling such disputes with timelines and seamless means through ADR, which has now been accepted universally as preferred mode of dispute resolution. However, each ADR mode has its advantages and disadvantages. Reducing dispute and early settlement of diffracts shall drastically reduce direct and indirect of the company.