In a business context, legal counsel is not only a primary and important source of information and advice but is also solely responsible for making decisions about how to resolve a dispute-This statement is false
Step-by-step explanation:
Alternative dispute resolution options is one of the most popular way to settle legal matters without wasting Time and money in a court cases
There are three main types of formal alternative dispute resolution techniques that are used in the United States. They are
Mediation
In mediation alternative an independent mediator works with both the parties to come to a resolution.
Arbitration
Arbitration refers to the term voluntary, many people agree to participate in arbitration before a dispute ACTUALLY arises.
In an arbitration, both the parties agree to have their case heard by an impartial person who is refereed to as an arbitrator, who issues a final and binding decision.
An arbitration case is heard much faster and is less expensive than a court case
Collaborative Law
This is typically used in the resolution of family law setting as an alternative to litigating a divorce. It is different than mediation or arbitration in the sense that there is no neutral third party.