Mediation and arbitration are alternative dispute resolution (ADR) methods that help parties resolve disputes without going to court.
Mediation involves a neutral third party, known as a mediator, who facilitates discussions between the parties to help them reach a mutually acceptable agreement.
Arbitration involves a neutral third party, known as an arbitrator, who listens to both sides of the dispute and makes a binding decision.
Mediation is a collaborative approach where parties reach a voluntary agreement, while arbitration involves a neutral arbitrator making a binding decision.
Mediation and arbitration are effective and efficient methods for resolving disputes. By understanding the differences between these ADR methods