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Tag Archives: ADR

Insurance Pitfalls in ADR Clauses

Posted in Good Times for Lenders, Insurance & Environmental Risks

Many real estate and construction contracts now include detailed alternative dispute resolution ["ADR"] clauses stipulating that the parties will attempt to resolve their differences short of litigation by submission of the dispute to mediation, arbitration or both. The impetus for such clauses is the parties’ perception that these ADR procedures will lower litigation costs and… Continue Reading