Alternative Dispute Resolution The alternative to suing (or being sued) in court.

When you're hit with a lawsuit, the costs can bemind-boggling-even if you win. That's why more and more smallbusinesses are using alternative dispute resolution (ADR), aconcept that includes mediation, arbitration and other ways ofresolving disputes without resorting to litigation. Both incontracts between businesses or in agreements between employers andemployees, people are consenting ahead of time to submit futuredisputes to ADR.

Excerpted from Start Your Own Business, 2nd edition: The OnlyStart-Up Guide You'll Ever Need

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Most Popular

See all
Business Culture

Why Hustle Culture Is the Most Dangerous Lie Founders Still Believe

Research shows productivity drastically declines after working 44 hours per week or more. So why is hustle culture still pushed in entrepreneur circles? It's time to forget that mentality and lead like a real hustler.

By Chris Miller
Business News

Here's What Companies and Services Are Open and Closed on Juneteenth 2025

Juneteenth was designated as a federal holiday in the U.S. in 2021.

By Erin Davis
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

By Eve Gumpel
Health & Wellness

Business Travel Can Wreck You—Here's What To Do About It

A human performance expert breaks down what's really going on in your body when you suffer from jet lag, and how to stay sharp on the road.

By Jon Bier
Growing a Business

There's a Hidden Cost of Overnight Growth — Here's What It Is and Why Slow and Steady Wins the Race

Growth that lasts isn't about the moment or the initial hype. It's about what happens in the months and years that follow.

By Aytekin Tank
Marketing

Why This Sports Festival Might Be the Most Ambitious Live Event in America

Fanatics Fest is redefining live sports events by blending culture, entertainment and fan experiences into an immersive festival unlike anything the sports world has seen.

By Leo Zevin