Dispute Resolution Mechanism

A Dispute Resolution Mechanism is a structured process used to resolve disagreements between parties, such as businesses, individuals, or organizations. Instead of going to court, they agree upfront to a process like negotiation, mediation, or arbitration to settle differences efficiently, privately, and often more cost-effectively. These methods aim to find a fair solution without lengthy legal procedures. Dispute resolution mechanisms help maintain relationships and ensure disputes are handled in an orderly, predictable manner, providing a clear path to resolve issues when conflicts arise.