Arbitration and Mediation

Arbitration and Mediation are alternative means to settle legal disputes.

Arbitration:

Sometimes a preferred method to settle disputes as it is often less costly and time consuming than a court trial. There is no discovery and the rules are simplified in comparison to that of litigation. Both parties agree to be bound by the decision of the arbitrator. Both parties present evidence and witnesses after which the arbitrator renders a decision. This method of settling disputes is regularly used in labor, construction and securities regulation.

Mediation:

A non-adversarial means to settle disputes. Both parties can present its arguments to a neutral third party in an effort to come to an amicable resolution. A mediator does not have authority to render a decision. If a resolution cannot be reached through mediation, the parties can opt to pursue a lawsuit.