Question

What method is generally preferred to resolve contract disputes because it saves time, money, and preserves relationships between the parties

Answer 1

Alternative dispute resolution

Step-by-step explanation:

Alternative dispute resolution is that way that a better alternative is chosen in resolving legal issues in civil and and commercial disputes without going to court.

This is less cumbersome, expensive, and time consuming.

There are 4 types of alternative dispute resolution: mediation, settlement, arbitration, and neutral evaluation.

Usually a third party is involved and acts as an umpire to ensure all parties are satisfied