“This article has been produced by an independent contributor and does not reflect the views and opinions of the Immediation team or the brand as a whole.”
Though mediation and arbitration are both methods of conflict resolution, they differ in a few key ways.
First, mediation is typically less formal than arbitration. This means that there are fewer rules governing the proceedings, and parties are generally more free to speak their mind. Additionally, mediation is typically confidential, while arbitration is not.
This means that what is said during mediation cannot be used as evidence in arbitration or in court. Finally, mediation is generally less expensive than arbitration. This is because mediation does not require the use of a third party, whereas arbitration does.
As result, mediation is often the preferred method of conflict resolution for parties who want to save time and money.
Why Choose Arbitration
Arbitration has many benefits that can save time, money, and stress. Arbitration is a process where two parties agree to have their dispute resolved by an arbitrator, or third-party, instead of going to trial.
This can be an extremely effective way to resolve a dispute without the time and expense of a trial. Arbitration is binding, meaning that once the arbitrator makes a decision, it is final and both parties are bound to it.
This can be beneficial because it allows both parties to have control over the outcome of their case.
Finally, arbitration is typically faster than going to trial, so it can save both parties time and money. Overall, arbitration has many advantages that make it an appealing option for resolving disputes.
Why Choose Mediation
Mediation is an process where two people with a conflict meet with an independent, neutral third person – the mediator – to try to resolve their dispute. The mediator’s role is to facilitate communication and help the parties find their own solutions to the conflict.
Mediation is a voluntary process, which means that both parties must agree to participate and be willing to work together to find a resolution. mediation is confidential, which means that anything said during mediation cannot be used later in court.
Mediation is less formal than going to court, and it is often faster and cheaper than going to trial. Most importantly, mediation gives the parties more control over the outcome of their dispute.
If you are involved in a dispute, you may want to consider mediation as an alternative to litigation.
Are you facing the prospect of mediation yourself?
The team of legal and technical experts at Immediation are here to help guide you through the mediation process and reach the best possible outcome. You can do it 100% online or opt to use a managed service where the Immediation personnel do everything for you, from start to finish.
Mediation is a good first step in the dispute resolution process. It’s Immediation’s goal to help you sustain your business relationships, while resolving the matter quickly and professionally.
Want to know more, or enquire about your business dispute? Simply fill out the form on the contact page and they’ll be in touch.