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Demystifying
Arbitration:
Understandingthe
Types and
Applications of
Alternative
Dispute
Resolution
Introduction
Arbitration is a form of Alternative
Dispute Resolution (ADR)that is
gaining popularity.This presentation
will explore the different types of
arbitration and their applications.
What isArbitration?
Arbitration is a process where parties
agree to have their dispute resolved by
a neutral third party.The arbitrator
listens to both sides and makes a
binding decision. It is less formal than
litigation and can be quicker and less
expensive.
Types of Arbitration
There are two types of arbitration:ad
hoc and institutional.Ad hoc
arbitration is an informal process where
the parties agree on the arbitrator and
the rules.Institutional arbitration is a
more formal process where an
institution provides the rules and the
arbitrator.
Applications of Arbitration
Arbitration is commonly used in international
disputes,construction disputes,and
employment disputes.It can also be used in
consumer disputes and family law disputes. It
is often preferred to litigation because it is
confidential and less adversarial.
Advantages of Arbitration
Arbitration has several advantages
over litigation,including:
confidentiality,speed,cost-
effectiveness,flexibility,and
expertise.Parties can choose an
arbitrator with specialized
knowledge in the subject matter of
the dispute.
Conclusion
Arbitration is a valuable tool for resolving disputes. It offers
parties a flexible, confidential, and cost-effective alternative
to litigation. By understanding the different types of
arbitration and their applications, parties can make an
informed decision about whether to use this form of ADR.
Thanks!
Do you have any questions?
addyouremail@freepik.com
+
91620 421838
yourcompany.com

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arbitration and it's types.pptx

  • 2. Introduction Arbitration is a form of Alternative Dispute Resolution (ADR)that is gaining popularity.This presentation will explore the different types of arbitration and their applications.
  • 3. What isArbitration? Arbitration is a process where parties agree to have their dispute resolved by a neutral third party.The arbitrator listens to both sides and makes a binding decision. It is less formal than litigation and can be quicker and less expensive.
  • 4. Types of Arbitration There are two types of arbitration:ad hoc and institutional.Ad hoc arbitration is an informal process where the parties agree on the arbitrator and the rules.Institutional arbitration is a more formal process where an institution provides the rules and the arbitrator.
  • 5. Applications of Arbitration Arbitration is commonly used in international disputes,construction disputes,and employment disputes.It can also be used in consumer disputes and family law disputes. It is often preferred to litigation because it is confidential and less adversarial.
  • 6. Advantages of Arbitration Arbitration has several advantages over litigation,including: confidentiality,speed,cost- effectiveness,flexibility,and expertise.Parties can choose an arbitrator with specialized knowledge in the subject matter of the dispute.
  • 7. Conclusion Arbitration is a valuable tool for resolving disputes. It offers parties a flexible, confidential, and cost-effective alternative to litigation. By understanding the different types of arbitration and their applications, parties can make an informed decision about whether to use this form of ADR.
  • 8. Thanks! Do you have any questions? addyouremail@freepik.com + 91620 421838 yourcompany.com