A multi-tiered dispute resolution (MDTR) procedure clause allows the parties to resolve any disputes through less formal dispute resolution procedures, including negotiation and mediation, before or in parallel to court or arbitration proceedings.
Having a multi-tiered dispute resolution clause in your contract can be numerous benefits. It allows a speedy and informal resolution of disputes which can be less stressful for the parties. It upholds the confidentiality element and avoids any unnecessary publicity. MDTR may also enhance the communication between parties, thereby maintaining or improving relationships between parties. It the parties to create their agreements with the assistance of their counsels, which signifies a certain level of party autonomy. MDTR creates a new level of flexibility. The parties can customise the resolutions to the needs and underlying issues. They can manage legal and non-legal matters and provide for remedies unavailable through adjudicative processes.
Mediation is the fastest growing ADR process globally. Download this free 29-page ebook to learn more about becoming a mediator. [ Ссылка ]
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