What is arbitration?

Arbitration is an alternative method of resolving disputes outside of traditional court proceedings. It involves a neutral third party, called an arbitrator, who reviews the case and makes a binding decision that both parties must adhere to. The process is less formal and typically faster than litigation, allowing parties to have more control over the proceedings. Arbitration can be used for various types of conflicts, such as commercial disputes, employment disagreements, or consumer complaints. It offers flexibility in terms of selecting the arbitrator, venue, and procedural rules. Additionally, arbitration proceedings are confidential, providing privacy and avoiding potential adverse publicity. This approach provides a fair and impartial resolution, helping parties resolve their differences efficiently and effectively.