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Students
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Students
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Students
Arbitration and mediation are quite different in their approach and outcomes:
Mediation is a collaborative process where a neutral mediator helps parties communicate and reach their own settlement. The mediator doesn’t make decisions but facilitates discussion. Choose mediation if:
Arbitration is more like a private court proceeding where an arbitrator hears both sides and makes a binding decision. Choose arbitration if:
The costs vary but are generally lower than litigation:
Mediation costs typically include:
Arbitration costs typically include:*
While these amounts may seem substantial, they’re usually significantly less than litigation costs, which can easily exceed $50,000 and take much longer. Plus, the faster resolution time means less lost productivity and lower overall costs.
Timeline expectations vary by process:
Mediation:
Arbitration:
Both options are significantly faster than litigation, which can take 1-3 years or more. However, complex cases may require additional time, and scheduling conflicts can cause delays.
Your options depend on your situation:
If you have a contract with an arbitration clause:
If there’s no prior agreement:
Remember: Many courts now require parties to attempt mediation before trial, which can help bring reluctant parties to the table.
Your options vary based on the process:
For Mediation:
For Arbitration:
This is why it’s crucial to:
Get in touch with us for an initial consultation to know more how we can help.
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