ODR is crucial for entrepreneurs for several reasons:
Cost Efficiency: Legal battles can be costly. ODR offers a more affordable alternative. Time-Saving: Traditional litigation can be time-consuming. ODR streamlines the process. Flexibility: Entrepreneurs can resolve disputes from anywhere, at any time, which is particularly beneficial for startups and small businesses. Confidentiality: ODR processes are usually private, which is beneficial for protecting business reputations and sensitive information.