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I want to resolve this question from a criminal accounting article. I want an Advantage and Disadvantage Alternative dispute resolution other than the one mentioned
I want to resolve this question from a criminal accounting article. I want an Advantage and Disadvantage Alternative dispute resolution other than the one mentioned in the image below. I want other advantages and disadvantages.
ADR has quite a few advantages: ADR tener mitney Court litigation is very expensive. Minimum costs for even simple contract disputes can be as much as a million dollars. Further, out-of-pocket costs do not include the stress and distraction that litiga. tion can produce ADiR protects primary Litigation is a public affair. In some cases, the news media can take sides in a dispute atsid make one party look bad. However, event in the absence of general bad publicity, the allegations of luwsuits are sometimes ugly : For example, in the case of a contract dispute, the plaintiff's claims may include fraud or deception. These kinds of things can damage a company image * ADR can build relationships. Litigation can be very destructive and turn potential business partners into en- emies. ADR on the other hand, can bring opposing parties together and resolve disputes out of the public eye in a way that the opposing parties feel is fair and reasonable. ADR tenues to be quicker than court ligation. In some cases, civil litigation drags on for 10 years or longer Fed eral courts hear both criminal and civil cases, with criminal cases getting priority due to criminal defendants constitutional right to a speedy trial on the other hand, ADR does not depend on court dockets and typically operates with simplified rules and procedures without appeals ADR works with expert neutrals. Civil cases frequently involve highly technical and complicated issues. Howes er, trial judges can be randomly assigned and have absolutely no expertise in the area of the dispute. ADRcani permit the opposing parties to select third-party neutrals with the required expertise ADR neutrals are avail- able in many specialized areas. For example, the American Arbitration Association (www.adr.org) provides ac cess to neutrals in specialized areas that include accounting communications, energy, financial services, health care, hospitality insurance, intellectual property, and partnerships. Flexible remedies. ADR permits the parties to formulate remedies that best satisfy the needs and priorities of all those involved. This is in contract with unpredictable jury awards that can be difficult to implement due to appeals and delays. Fuimess, ADR can be perceived as being more reasonable because it frequently gives the opposing parties as in selecting the neutral. In addition, negotiated settlements tend to be perceived as relatively reasonable.given that they require agreement of all parties. ADVANTAGES OF ADR ADR has quite a few advantages: . ADR saves money. Court litigation is very expensive. Minimum costs for even simple contract disputes can be as much as a million dollars. Further , out-of-pocket costs do not include the stress and distraction that litiga- tion can produce. ADR protects privacy. Litigation is a public affair. In some cases, the news media can take sides in a dispute and make one party look bad. However, even in the absence of general bad publicity, the allegations of lawsuits are sometimes ugly . For example, in the case of a contract dispute, the plaintiff's claims may include fraud or deception. These kinds of things can damage a company's image. ADR can build relationships. Litigation can be very destructive and turn potential business partners into en- emies. ADR, on the other hand, can bring opposing parties together and resolve disputes out of the public eye in a way that the opposing parties feel is fair and reasonable. ADR tends to be quicker than court litigation. In some cases, civil litigation drags on for 10 years or longer. Fed- eral courts hear both criminal and civil cases, with criminal cases getting priority due to criminal defendants constitutional right to a speedy trial. On the other hand, ADR does not depend on court dockets and typically operates with simplified rules and procedures without appeals. ADR works with expert neutrals. Civil cases frequently involve highly technical and complicated issues. Howev- er, trial judges can be randomly assigned and have absolutely no expertise in the area of the dispute. ADR can permit the opposing parties to select third-party neutrals with the required expertise. ADR neutrals are avail- able in many specialized areas. For example, the American Arbitration Association (www.adr.org) provides ac- cess to neutrals in specialized areas that include accounting, communications, energy, financial services, health care, hospitality, insurance, intellectual property, and partnerships. Flexible remedies. ADR permits the parties to formulate remedies that best satisfy the needs and priorities of all those involved. This is in contrast with unpredictable jury awards that can be difficult to implement due to appeals and delays. Fairness. ADR can be perceived as being more reasonable because it frequently gives the opposing parties a say in selecting the neutral . In addition, negotiated settlements tend to be perceived as relatively reasonable, given that they require agreement of all parties
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