What comes first arbitration or mediation?

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.

When should mediation not be used?

Mediation may not be suitable when: one or both parties need an impartial opinion on a matter of difference, perhaps to set a precedent or to be vindicated publicly on an issue in dispute, a party is certain that it has a straightforward case, deliberate counterfeiting or piracy has occurred.

What are the pros and cons of arbitration compared to mediation?

Arbitration is much faster than litigation. Unlike mediation, the arbitrator has the authority to issue binding rulings on the two sides, even if one side doesn’t want to cooperate.

Why is mediation better than arbitration?

Resolving a dispute through arbitration is less time-consuming than going to court, but mediation is a significantly faster alternative. People are attracted to arbitration in part because they needn’t wait for a trial date or work around a court’s calendar.

What is a disadvantage of arbitration?

There are, however, also some disadvantages to arbitration as a method of resolving a dispute. If arbitration is binding, both sides give up their right to an appeal. That means there is no real opportunity to correct what one party may feel is an erroneous arbitration decision.

Is a mediator decision binding?

The non-binding nature of mediation means also that a decision cannot be imposed on the parties. In order for any settlement to be concluded, the parties must voluntarily agree to accept it. Unlike a judge or an arbitrator, therefore, the mediator is not a decision-maker. Mediation is a confidential procedure.