What comes first arbitration or mediation?
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What comes first arbitration or mediation?
Arbitration is like the court process as parties still provide testimony and give evidence similar to a trial but it is usually less formal. Although mediation procedures may vary, the parties usually first meet together with the mediator informally to explain their views of the dispute.
What is the difference of arbitration and mediation?
The mediator helps the parties to arrive at an agreed solution. He does not decide the dispute. A successful mediation results in an agreement signed by the parties, whereas a contested arbitration results in a decision by the arbitrator himself without the agreement of the parties.
What are some disadvantages of mediation compared with arbitration?
A disadvantage to mediation is that the parties may not be able to come together on an agreement and will end up in court anyway. Arbitration is a more formal process for resolving disputes. Arbitration often follows formal rules of procedure and the arbitrator may have legal training that a mediator does not.
