How Are Arbitration and Mediation Different From Each Other? Can A Dispute Be Resolved Using Both of Them?
Arbitration and Mediation are Alternate Dispute Resolution (ADR) procedures. Arbitration is a process in which a binding decision is made by the arbitrator(s). Mediation is a process in which both the parties, with the interference of an independent third party known as Mediator, engage in a negotiation by discussing the key points to disputes and settle the issue. Although both Arbitration and Mediation are ADRs, they both are different in their own ways.