What do you mean by alternative dispute resolutions? Discuss the role of WIPO in disputes settlement.

### Alternative Dispute Resolution (ADR)

Alternative Dispute Resolution (ADR) refers to a range of processes and techniques designed to help parties resolve disputes without resorting to traditional litigation. ADR methods are typically less formal, more cost-effective, and quicker than court proceedings, making them an appealing choice for resolving conflicts. ADR is widely used in various areas, including commercial, civil, and intellectual property disputes.

The primary mechanisms of ADR include:

1. Mediation: A neutral third party (mediator) assists the disputing parties in negotiating a mutually acceptable solution. Mediation is non-binding unless the parties agree to a settlement.

2. Arbitration: Disputes are submitted to an arbitrator or panel of arbitrators whose decision, known as an arbitral award, is usually binding. Arbitration can be faster than court litigation and allows parties to select experts in relevant fields as arbitrators.

3. Negotiation: Parties directly communicate and attempt to resolve their dispute without the involvement of third parties. Negotiation emphasizes collaborative problem-solving and is informal.

4. Conciliation: Similar to mediation, but the conciliator may take a more active role in proposing solutions for the parties to consider.

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