What is meant by alternative dispute resolution (ADR)? Which are the areas in which ADR works ?

Alternative Dispute Resolution ("ADR") refers to any means of settling disputes outside of the Court room. ADR typically includes negotiation, conciliation, mediation, and arbitration. The ADR processes provide procedural flexibility, save valuable time and money and avoid the stress of a conventional trial. Areas in which ADR works Almost all disputes including commercial, civil, labour and family disputes, in respect of which the parties are entitled to conclude a settlement, can be settled by an ADR procedure. ADR techniques have been proven to work in the business environment, especially in respect of disputes involving joint ventures, construction projects, partnership differences, intellectual property, personal injury, product liability, professional liability, real estate, securities, contract interpretation and performance and insurance coverage.