NEGOTIATING DISHONOUR OF CHEQUE: MEDIATION STRATEGIES FOR CHEQUE DISPUTES

Abstract [English]

To mitigate the shortcomings of this system, Alternative Dispute Resolution (ADR) was introduced as a method for resolving conflicts. ADR includes a range of methods, including conciliation, arbitration, negotiation, and court settlement. Because of its relative simplicity and procedural flexibility, mediation has become one of the most widely used and quickly expanding ADR technique. Parties in dispute may develop mutual trust and understanding in the cooperative atmosphere that mediation offers. With the help of a mediator, which is a neutral third party in the dispute, it turns an adversarial environment into a cooperative one where both parties strive towards a shared objective of settling their dispute without relinquishing goodwill or dignity. Parties are able to look at different possible outcomes during mediation, which helps them determine their core values and areas of interest.