... Arbitration this is the procedure when two businesses that have a contract together appoint someone else to settle any disputes they may have. A commercial arbitrator basically has the right to settle any dispute that he beforehand has been told he can. The Commercial Arbitrator should have a legal background but also know the business that is being dealt with. Although the Commercial Arbitrator is on a fixed high cost it would still be cheaper than going to court and as the Commercial Arbitrator is always on stand by it is obviously much quicker. There is also the advantage of privacy, big companies may not want other companies knowing their business with other companies. They may also not want the general public to know what disputes they are having as it may effect their image. Another ADR is The Codes Of Practice. This is when a group of businesses that ...

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