Faster settlements than a court trial
Arbitration is another form of alternative dispute resolution that can be highly effective for certain disputes. Similar to mediation, the parties have great control over the procedures of resolving the dispute outside of a courthouse. Unlike mediation in which the parties themselves decide how the dispute is to be resolved, in arbitration a neutral third party (an arbitrator) is vested with the authority to make the decision. Arbitration generally is less expensive and faster than the normal court trial.
The Lakeside Mediation Center works with parties to design the most efficient and cost-effective arbitration process for their dispute and, if desired, provides independent arbitrators.
Flexible & adaptive
Arbitration has the advantage of being a more flexible and adaptive process than a court trial.
For example, parties may: