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Difference between arbitration and mediation

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Explain the difference between arbitration and mediation. Now, give three reasons why arbitration is a better alternative to litigation. Now, give three reasons why mediation could be a better alternative to arbitration. Finally, have you ever been involved in any of these three methods of dispute resolution? What was your impression?

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Solution Summary

Arbitration and mediation both are alternatives to litigation. Sometimes they are used in conjunction with litigation to attempt to avoid litigating a dispute to its conclusion.