Submitted by xantari on January 29, 2008

• Category: Business
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Alternative Dispute Resolution

Alternative Dispute Resolution
In 1920, the state of New York enacted the first modern arbitration statute in the United States of America. Dubbed the New York State Arbitration statute, it served lawmakers of the state to authorize the enforcement of arbitration agreements made by parties who wished to settle their disputes outside of the court system. The statute was a model for the Federal Arbitration Act adopted by Congress in 1925 (New York, 2007).
Today, it has resulted in Alternative Dispute Resolution (ADR), a term that refers to a variety of techniques for resolving disputes without litigation. The turmoil and conflicts of the 1960s was the single major catalyst...

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