Assignment: Alternative Dispute Resolution
Create an Alternative Dispute Resolution (ADR) clause that arise out of contract between two business owners.
Party A, the seller, is a farm supplier of power equipment (tractors, mowers etc...) Besides equipment, they also have their own brand of other farm supplies which are unrelated to power equipment such as fertilizers, sprays etc...
Party B is the Farmer (Buyer).
They have contracted a 2 year deal in which Farmer, Party B, is to purchase all farm products exclusively from Party A.
Unfortunately, the contract is poorly written and does not state a minimum of what the farmer must buy and whether the buyer is contracted to buy mostly power equipment or other farm products.
You are tasked with creating an Alternative Dispute Resolution ADR clause to resolve any and all disputes that could arise out of this contract.
In your paper:
(1) Identify all possible disputes among the parties that will be subject to ADR clause you are going to create.
(2) Include all provisions and the necessary steps that need to be taken in order for ADR to occur.
(3) Give two possible Alternative Dispute Resolution (ADR) methods to resolve the dispute. Define these ADR methods and explain how they will be used in this example.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.