jemtheemokid9512 jemtheemokid9512
  • 25-08-2022
  • Social Studies
contestada

A traditional and formal method of adr where disputes are settled by a neutral third party who renders a decision that is legally binding is called:_______

Respuesta :

PallaviB PallaviB
  • 30-08-2022

A traditional and formal method of adr where disputes are settled by a neutral third party who renders a decision that is legally binding is called Award.

In this Alternative Dispute Resolution (ADR) parties refer their dispute to third person. That third person called arbitrator. Decision of arbitrator is bound on parties.

The characteristic of Arbitration is to obtain fair settlement of dispute outside of court without necessary delay and expense.

To know more about ADR:

brainly.com/question/23057104

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