Most arbitrations are private. This is very helpful if he parties do not want the world to know of their dispute. For example, a supplier and a dealer who wish to continue to work with one another but have a dispute about the price of something or the quality of something already ought or sold may not wish their competitors to know of the dispute. They want to resolve the issue and move on with their relationship. Arbitration allows this.
Arbitration is nearly always faster.
Arbitration may take only a few months or even weeks. Court cases take many months or years. Another advantage is that the parties participate in the selection of an arbitrator and may select a person who already has expertise in the field. In many disputes, there are technical issues, and one can select an arbitrator who specializes in certain types of disputes. The writer of this article once had a case involving the quality of fasteners.