Comparison,Among,Alternative,D law Comparison Among Alternative Dispute Resolution and Litigati
When you work with an attorney, you will have no problem reducing the risks associated with getting your case in front of a judge and jury, or other formal court, when you need to. However, every case is different. It is important to work wi Bankruptcy is a situation, wherein an individual is termed as unable to discharge all the debts. When a person or a company is not able to pay off its creditors, it has an obligation to file a bankruptcy suit. In fact, a bankruptcy suit is a
Litigation and alternative dispute resolution methods, both have their pros and cons. Have a critical review of these two dispute resolution methods and decide which one is best for you:1. Involvement of Ombudsman Vs professional lawyersIf you use alternative dispute resolution method, an ombudsman tries to arrange face to face meetings between you and your rival parties, discuss all points of differences as per the existing law and reach a mutually beneficial agreement within a few hours and sittings. It helps you to save a significant sum of money as you just have to pay the mediation fee to the ombudsman.On the other hand, when you take your dispute to the court, it involves several lawyers from both sides. Arguments presented by lawyers and their counter arguments take time to be settled. Your case may take weeks, months or even several years to get resolved. You have to spend lots of money on lawyer's fees, traveling expenses, food, telephone, etc. This can make a big hole in your budget and affect your daily life or business activities up to a great extent.2. Binding Vs Non-BindingVerdicts pronounced by courts are binding. All the involved parties are supposed to respect court orders. If anyone has a problem with the court verdict, he/she can challenge it in higher courts with evidence and get the sentence changed in their favor.The decision taken by lawyers with the use of alternative dispute methods are non-binding. Involved parties can obey or disobey the rulings as per their desire.3. Instant Verdict Vs Prolonged CasesAlternative dispute resolution methods have the potential to solve even the most complex legal matters within a few hours if all the involved parties are determined to reach an instant solution to their matters. If you initiate the court proceedings, it takes several weeks, month and years to get the matter resolved. If the case gets prolonged, it may affect your normal life activities badly.4. Privacy Vs Revealing Sensitive DetailsLawyers that use alternative dispute resolution methods to solve your problems are required the maintain the privacy of your sensitive details and use only those details which are necessary for the solution of the problem. But, in litigations, law enforcement agencies and lawyers seek your sensitive details to complete the investigation and find the truth. In this course, your sensitive trade secrets become public, making it easier for your rival companies to capture market share by launching the same products/services.5. Continuation of Relationship Vs Cold WarProblems solved through alternative dispute resolution methods put an end to bitterness in the relationship of two rival parties as their interests are protected by the lawyers. In litigation, court pronounces its judgments based on the evidence & arguments produced by lawyers. If the rival party suffers a huge loss in litigation, it may increase bitterness in their relationship, ending any chance of future reconciliation.
Comparison,Among,Alternative,D