MLchartDataset catalogue

Alternative dispute resolution (ADR)

Term · Insurance and risk management · MLC-T-INS-000396

Methods for resolving legal disputes outside of traditional court litigation, such as mediation, arbitration, and conciliation. ADR processes are often faster, less formal, and less expensive than lawsuits, and they can lead to more creative and mutually agreeable solutions. Many insurance policies and contracts include provisions requiring ADR for certain types of disputes.

Table 1. Record
IdentifierMLC-T-INS-000396
FieldInsurance and risk management
AbbreviationADR
Record as JSON 
{
  "id": "MLC-T-INS-000396",
  "term": "Alternative dispute resolution (ADR)",
  "field": "Insurance and risk management",
  "definition": "Methods for resolving legal disputes outside of traditional court litigation, such as mediation, arbitration, and conciliation. ADR processes are often faster, less formal, and less expensive than lawsuits, and they can lead to more creative and mutually agreeable solutions. Many insurance policies and contracts include provisions requiring ADR for certain types of disputes.",
  "abbreviation": "ADR",
  "url": "https://mlchart.com/terminology/insurance/alternative-dispute-resolution-adr/"
}

Record 131 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.