"Arbitration and the Courts"

"Arbitration and the Courts" refers to two ways of resolving legal disputes. Arbitration involves the parties choosing a neutral third person, called an arbitrator, to hear their case and make a decision outside of court. It is usually faster and more private. Courts, on the other hand, are government-run judicial systems where disputes are formally litigated, and judges issue legally binding rulings. While arbitration offers a less formal, flexible process, court proceedings follow strict rules of law and provide formal legal remedies. Both methods aim to settle disagreements, with arbitration often serving as an alternative to traditional courtroom litigation.