Mediation and Arbitration
Mediation and arbitration are alternative dispute resolution methods used to settle conflicts without going to court. Mediation involves a neutral third party, called a mediator, who helps the disputing parties communicate and negotiate a mutually acceptable solution. The mediator does not make decisions for them. Arbitration, on the other hand, involves an arbitrator who listens to both sides and makes a binding decision to resolve the dispute. Unlike mediation, the arbitrator's ruling is usually final and enforceable, similar to a court judgment. Both methods are generally faster and less formal than traditional litigation.
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Mediation and arbitration are two methods of resolving disputes without going to court. Mediation involves a neutral third party, called a mediator, who helps both sides reach a mutually acceptable agreement. The mediator facilitates discussion but doesn’t make decisions. Arbitration, on the other hand, involves a neutral third party, known as an arbitrator, who listens to both sides and makes a binding decision. While mediation focuses on collaboration and compromise, arbitration resembles a court proceeding with a definitive outcome. Both methods can save time and resources compared to traditional litigation.