What do the various alternative dispute resolution methods such as mediation and arbitration have in common?

A) Binding decision by third party
B) High cost
C) Legally questionable
D) Not available to profit-seeking businesses
E) Out-of-court settlements

Alternative Dispute Resolution

A range of processes and techniques used to resolve conflicts or disputes without traditional legal proceedings, including mediation and arbitration.

Out-Of-Court Settlements

Agreements made privately between disputing parties without the need for a formal court ruling.