... are: * Cost savings - over court and attorney fees * Time savings - almost always faster than a trial Negotiation and settlement will not work if one (or more) party is not willing to give up something in return for something else for the other party. Arbitration Is defined as "a dispute resolution method whereby the disputing parties submit their disagreement to a mutually agreed upon neutral decision maker or one provided for by statute." Arbitration commonly used to employment/labor (collective bargaining), environmental, malpractice, election and commercial contract disputes. Advantages of arbitration: * The process is substantially faster than litigation - in many states a deadline of 30 days for an arbitrator to reach a decision is mandated * A faster process leads to lower cost of attorneys * Confidentiality is ensured since records of the arbitration will not be made public * All parties involved can choose their arbitrator (whereas they cannot choose a ...

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