1. An alternative dispute resolution is an act aimed at disagreeing parties who have failed to resolve their problems or have not yet found a way out of the problems. It is a collective term for the ways in which parties will come to an agreement that everyone agrees on with or without the help of third parties. Some courts usually employ parties to help them in some cases. Alternative dispute resolution is usually the term supporting the process. Where an impartial alternative dispute resolution person who is a professional in alternative dispute resolution. That different person will assist those who have the problem or issues or dispute to resolve the problem or issues between them. Alternative dispute resolution is commonly used as an abbreviation for alternative dispute resolution, but it can also be used to assist matters that bring them to conclusion and decision.2. Precedent is a legal form or decision that resolves a problem of law or rule in future similar cases. Precedents in commercial law are divided into 2 types. Which is binding and not binding or persuasive. So what are the differences between 2 of them? First, if precedent is binding, it means that all lower courts must follow whatever decision they issue. For example, the final decision of the case is A. But other lower courts have another suggestion or opinion to say. Yes, they can express their opinion, but ultimately it will not change the decision made by the main court. If the precedent is not binding or convincing, it means that all courts and judicial bodies can provide some supports and some opinions to support the final decision of the final argument or case....... middle of paper.. They often don't have proof of the contract. On the other hand, there is a type of formal contract, which means it is the opposite of the simple contract. That is, there are 2 types. Written and oral. It is the same as a simple contract but shows that both parties agree to whatever they have agreed upon. Why do many people choose to enter into a formal contract rather than a simple contract? There will be consequences in case of violation of the contract. They know the consequences they will get if they ignore or fail to comply with the contractual agreement. When that happens and they end up in court, they will be found guilty because there is written evidence or audible evidence that they agreed to. And because of this proof, if either party breaks them, that party will receive the same consequences agreed upon earlier in the contract.