The mediator points out potential strengths and weaknesses on both sides and tries to get the parties to reach an agreement. Because the mediator has no vested interest in the case, he or she can offer an objective perspective. Mediation is available through neighborhood and professional services. They also have to agree on a mediator. A lawyer can represent you in the mediation process if you feel it is necessary.
Arbitration is a mini-trial without a jury.
It can be binding or non-binding. In binding arbitration, the arbitrator's decision is final. The arbitrator makes a decision and determines the appropriate damages, if any. In non-binding arbitration, the opinion is merely advisory. Arbitration is a more formal process than mediation, but less formal than a trial.