Certificate In Mortgage Advice And Practice (CeMAP) 1 Practice Exam

Dispute resolution outside the courtroom is the essence of ADR. Mediation, arbitration, and adjudication are all ways to settle a dispute without going through formal court proceedings: mediation uses a neutral mediator to help the parties reach a voluntary agreement; arbitration involves a neutral arbiter who hears evidence and issues a binding decision, similar to a private judgment; adjudication provides a quick, interim decision often used within specific schemes or contracts. Litigation, however, is the formal process of bringing a case to court where a judge (and sometimes a jury) decides the outcome according to court procedures. It tends to be more time-consuming and costly and results in a court judgment. Since ADR aims to resolve disputes outside court, litigation is not an ADR option.