A collection of methods and approaches known as "out-of-court dispute resolution" are employed to settle disagreements and confrontations between parties outside of the legal system or through litigation. It is a different strategy that looks for cooperative and mutually beneficial solutions.
All parties involved may benefit from this method of dispute resolution since it can be less time-consuming, costly, and stressful than going to court.
(The term "extrajudicial resolution of conflicts" refers to a collection of methods and approaches used to settle disagreements and conflicts between parties outside of the legal system.)
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When the parties get together, they try to negotiate a solution that satisfies their respective demands and interests
In order to help the parties communicate and understand one another and come to a negotiated agreement that serves their respective needs and interests, a mediator—a neutral third party—works with them.
The conciliator, an impartial third party, serves as a go-between for the parties, assisting them in coming up with original and advantageous solutions to end the disagreement.
After hearing the arguments from both parties, a third impartial party known as the arbitrator renders a legally binding ruling that puts an end to the dispute.