Alternative Dispute Resolution (ADR) Services
Trusted Mediation and Arbitration Services for The Business Community
At DNTW Toronto LLP, we offer a full range of financial Mediation and Arbitration services for the business community, including shareholder/partner disputes, debtor/creditor negotiations and family, estate and succession planning conflicts. Our services are used by disagreeing parties who cannot resolve their issues, short of litigation.
What Is Alternative Dispute Resolution (ADR)?
Alternative Dispute Resolution (ADR) is a process designed to settle disputes outside of the courtroom with the help of an impartial third party. This path is generally accessible after efforts between disputing parties to resolve any differences between themselves fails and reaches an impasse.
When the disputing parties agree to try alternative dispute resolution procedures, the ADR process starts. This understanding could be imposed by a court order, a contract clause, or both. It could also be voluntary. The parties select the most effective ADR strategy for their dispute, frequently with the help of legal counsel.
Many contracts contain mandatory alternative dispute resolution clauses. The two most common forms of alternative dispute resolution are Mediation and Arbitration, though there are other types as well.
Alternative Dispute Resolution (ADR) – Mediation Services
Mediation occurs when an independent third party steps in to try and find a way for the disputing parties to agree on a mutually acceptable outcome. The mediator is not called upon to decide who is right but rather to add structure to communication between the disputing parties, so that they can, hopefully, eventually reach a resolution between themselves.
Alternative Dispute Resolution (ADR)- Arbitration Services
Arbitration occurs when a neutral independent party called an arbitrator listens to arguments from both sides, collects evidence, and then decides on the outcome of the dispute, similar to a court ruling. Arbitration can either be non-binding or binding. The latter means the decision is final and enforceable, while the former implies that the arbitrator’s ruling is advisory and only set in stone if both parties agree to it. Arbitration is more formal than mediation and resembles a trial, albeit with greater flexibility.
Contact DNTW Toronto LLP for trusted Alternative Dispute Resolution (ADR) Services for your Business
Our Firm’s Dispute Resolution and Mediation Practice is led by our Partner, Irving Feldman CPA, CA, Q.MED, who can offer you the knowledge and experience needed to help you navigate your business’s ADR journey. His professional approach and responsive team are committed to delivering high-quality support for you and your business.
DNTW Toronto LLP is a full-service, mid-sized accounting firm. We have provided a wide range of innovative, high-quality accounting, business, and tax strategies to clients in Toronto and across Ontario for over two decades. For more information about how DNTW Toronto LLP can help you and your business, contact us online or by telephone at 416.924.4900.
