At Steno Services, LLC, we are experts at Alternative Dispute Resolution (ADR) including arbitrations and mediations. If you’re in need of a record or transcript of a proceeding or a neutral place to meet clients, we’re here to help.
What is Alternative Dispute Resolution (ADR)?
Whether it’s a misunderstanding between neighbors, a business partnership gone wrong, or a divorce, you have a choice to go to court to settle the matter or handle it in an alternative dispute resolution. Also called mediation, arbitration, or negotiation, your Oklahoma ADR provides a more affordable option than courts and lawyers. It’s often a collaborative effort and in some cases parties agree they will not take the matter to court.
How does ADR help divorcing couples?
Divorce is an emotional life event. For those with children, ADR, also called Collaborative Divorce, offers couples a chance to negotiate through financial and child-related issues without the threat of court battle. That’s not to say the process takes less time, though many times it does, it is to say that it is a healthier, less emotional, way for families to establish a new normal.
The process can also be utilized for situations that occur later like when one parent is moving to a new state or when parents can’t make a decision like where the children should go to school to make it relatively convenient for both households.
How can business partners utilize ADR?
It seemed like a great idea to bring on a partner to your business. They have expertise or cash infusion that your business needs to get to the next level. Whatever the reason you entered into a partnership agreement, you may find yourself wanting to dissolve the partnership. Much the same as divorcing a spouse, there is tension and each party wants to protect what they believe is rightly their own. ADR helps partners negotiate through dissolution, to come to a resolution that is fair to both parties.
Whatever the reason you’re seeking Alternative Dispute Resolution, keep this in mind:
- Parties may choose to have one attorney involved in the process.
- Binding means parties must abide by what is decided. Non-binding means parties are not subject to penalty if they choose to ignore the decision.
- Arbitration is similar to a trial in that an impartial third party hears from each person involved and issues a decision. The decision can be binding or non-binding.
- Mediation is a process by which parties agree to reach a decision through their own negotiating process. The decision is often non-binding.
- A hearing is when each party presents evidence and arguments. A decision maker, whether arbitrator, mediator, or judge, makes a decision.
Whatever the dispute, Steno Services offers resources including conference rooms and reporters to capture the proceeding. Please consult with your attorney or other professional to decide if Alternative Dispute Resolution is right for you.