The Benefits of Mediation and Arbitration
1. Mediation and Arbitration can be faster…
Disputes settled in court can often take many months or years. With mediation and arbitration, these same disputes can be settled in weeks.
2. Mediation and Arbitration is more expert…
Disputes taken to court are settled by judges who, while unquestionably expert in law, may or may not have particular expertise in family law and family conflicts. By contrast, with mediation and arbitration, you and the party whom you are in dispute choose your mediator or arbitrator on the basis of his or her expertise and experience in family law and the type of issues in dispute.
3. Mediation and Arbitration are private…
Courts are public forums and information about your business and personal affairs becomes public knowledge – available to third parties you might not wish to have such information. Mediation and Arbitration proceedings, however, are almost always conducted in private – and only made public with the consent of both parties in dispute.
4. Mediation and Arbitration can costs less…
Often times, these dispute resolution processes are significantly less costly than litigation. It can make a difference of many thousands of dollars to the parties in dispute. If both parties want to reach a settlement through mediation or resolve the issues through arbitration, the skill of the mediator or arbitrator can help them reach a solution in a short time.
5. Mediation and Arbitration can maintain goodwill…
Mediation and Arbitration, by their very nature, are less likely than litigation to result in ill will between the parties involved. It increases the chances of reaching an agreement or result that will satisfy both parties and allow them to work together again in the future.