What does alternative dispute resolution mean?

alternative dispute resolution meaning in Law Dictionary

whenever a resolution to a dispute is sought after of courtroom. The processes of arbitration, conciliation, and control proceedings tend to be alternates for courtroom system. That is a voluntary choice and a third party can be used to keep things basic.

alternative dispute resolution meaning in Business Dictionary

a kind of dispute resolution that seeks to reduce expenses of litigation using option, usually out-of-court means, including arbitration, conciliation and summary ownership procedures. Alternative dispute resolution options are voluntary, and sometimes include a neutral 3rd party to produce decisions.