Below are most commonly asked questions regarding arbitration and mediation.
Frequently Asked Questions
They help opposing parties settle disputes outside of court. They hold private hearings, that are less formal than a court trial.
In mediation, the process is negotiated with the assistance of a neutral third party. The parties do not reach a resolution unless all sides agree. Arbitration is less formal than court and the parties still provide testimony and give evidence similar to a trial.
Arbitration is a method in which a dispute is submitted and the parties agree to one or more arbitrators who make a binding decision on the dispute. By choosing arbitration, the parties agree on a private dispute resolution instead of going to court.
Mediation is negotiations between disputing parties, facilitated by a neutral third party.
An arbitrator listens to the evidence and facts and renders an award. The mediator helps the parties define and understand the issues and each persons interests.
