Examlex
Which of the following was not given in the textbook as a reason for the increase in the number of senior entrepreneurs?
ADR Process
The Alternative Dispute Resolution (ADR) process is a way to solve disputes without litigation, using techniques like mediation, negotiation, or arbitration.
Litigants
Parties involved in a lawsuit, including both the plaintiff (the party bringing the suit) and the defendant (the party being sued).
Submission Agreement
A legal agreement where parties agree to submit a current or future dispute to arbitration, without necessarily specifying the details of the arbitration process.
Lawsuit
A legal action initiated by one party against another in a court of law to enforce or defend a legal right.
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