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Which of the following are potential advantages of alternative dispute resolution? I. Possible to preserve the business relationship. II. Expertise for complex industry-specific disputes. III. Held in private with no public record required. IV. Cost-effective.

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Answer:

ADR is often less stressful than expensive and lengthy litigation. Because of these advantages, many parties choose ADR (either mediation or arbitration) to resolve disputes instead of filing or even proceeding with a lawsuit after it has been filed.

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