Commercial Dispute Resolution (CDR)

Commercial Dispute Resolution (CDR) refers to the processes used to resolve disagreements between businesses or in commercial transactions outside of traditional court litigation. It includes methods like negotiation, mediation, arbitration, and conciliation, offering parties a more flexible, efficient, and often less costly way to settle disputes. CDR aims to find mutually acceptable solutions while maintaining business relationships and confidentiality. These techniques are widely used because they can be faster and more tailored to the specific needs of the parties involved compared to formal court proceedings.