Research alternative dispute resolution (ADR) methods.
Explain how “Mediation” is different from “Arbitration” and, for arbitration, the difference between “binding arbitration” and “non-binding arbitration.” Explain what type of setting each is best suited for. For each, explain why you would want to include that type of ADR as the prescribed method of dispute resolution in a contract; In other words, when drafting a contract, parties have the ability to agree in advance how they will handle disputes arising under that contract and that method can specify a type of ADR to be used rather than going to court (“litigation”).
paper must be 1,000-words, not including the title page or references. must have a minimum of three sources in your references