Feb 17, 2012: Arbitration and Mediation
If you've suffered wrong-doing, you may be tempted to file a lawsuit against the person who harmed you. Unfortunately though, the trial process can be time-consuming, costly, and may drag out for months or even years. Often, you may be better served addressing your grievance through Alternative Dispute Resolution, or ADR. Typically, ADR refers to arbitration and/or mediation.Most Common Alternative Dispute Resolutions
Arbitration is somewhat like a trial, but handled privately rather than through our public legal system. It requires both parties to agree to present their dispute to one or more impartial parties, with the intention of reaching a final and legally-binding decision.
Mediation, on the other hand, involves the consultation of a neutral third person to help two or more parties reach a mutually-agreed upon conclusion. All parties play an active part and ultimately arrive at the resolution of the matter with the help and guidance of the mediator.
Practically any issue that can be settled in the civil courts can be settled through alternative dispute resolution. Business disputes, insurance issues, labor conflicts, and even family matters have been resolved through the use of mediation and arbitration.