Law For The Rest Of Us

The Morgue File So you need to resolve a legal dispute and must make a choice between these two alternative dispute resolution mechanisms, While the basic differences between mediation and arbitration lie in methodology, these differences may also affect the ultimate outcome of your dispute. Therefore, it is helpful to know not only the basic differences but also the pros and cons of those differences. In the most basic language, a mediation is a settlement while an arbitration is a decision on the merits of the case. While both are considered alternative dispute resolution mechanisms in that both avoid a full trial, including the costs of the trial, you must prepare for each differently. In a mediation, both sides of a dispute meet with a mediator who attempts to broker a settlement of the matter. It is usually more informal than an arbitration and also less costly . Usually, mediation is a good tool to use in situations where the parties are not too far apart in their