To Be Enforceable and Upheld by a Court,an ADR Contract

question 8

Multiple Choice

To be enforceable and upheld by a court,an ADR contract clause should include all the following standard provisions except:

• A)the types of disagreements that will be submitted to ADR.
• B)the ADR technique or techniques that can be used.
• C)the substantive law and the procedural rules that will be followed.
• D)whether both parties have sufficient insurance resources to sustain the award.

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Definitions:

Product Life Cycle

The sequence of stages that a product goes through from introduction to growth, maturity, and decline in the market.

Preliminary Design

Preliminary design is the initial phase in the design process, focusing on outlining the basic concept, specifications, and feasibility of a project before detailed planning begins.

Product Decline

The phase in a product's lifecycle where sales and market share begin to fall due to various factors like market saturation or newer alternatives.

Throughput

The rate at which a system generates its product or completes a process, often used in manufacturing and software development.