What is the CPR Pledge and why is it important?
The CPR Pledge is an undertaking that states that the endorsing companies and law firms will consider alternatives to litigation when disputes arise with other signatories. It has been signed by more than 4,000 corporations – representing more than two-thirds of the U.S gross national product – and more than 1,500 law firms, including 400 of the nation’s 500 largest firms. The CPR Pledge does not create judicially enforceable rights or obligations, nor does it constitute a waiver of any substantive or procedural right or obligation. The Pledge is a statement of policy and intent, aimed at encouraging greater use of flexible, creative and constructive dispute-resolving approaches.
