Most lawyers who have participated in mediation eventually wind up believing in it after seeing some remarkable results. Arbitration Arbitration is a binding form of alternate dispute resolution. In actuality, it is a private court. The parties to an dispute may decide to arbitrate the dispute for a number of reasons. First, there is privacy.
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.