Alternative Dispute Resolution

Alternative Dispute Resolution (ADR) refers to methods used to resolve disputes outside of traditional court systems. ADR is increasingly vital in the international business environment due to globalization, which has led to more cross-border transactions and the necessity for effective conflict resolution.

Types of ADR:  
1. Negotiation: The most informal process, where parties discuss their differences to reach _______ _________ ______ ______ ______.
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