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Difference between arbitration and mediation

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?

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.