| Arbitration is a legal term for the resolution of disputes | | | | reasons: |
| outside the courts. For the resolution to take place | | | | - Arbitration can be much cheaper than litigation in |
| through arbitration there must be an agreement | | | | court. Litigation in court generally lasts for several days, |
| between two or more parties to have the dispute | | | | weeks or even months. This can be a long process |
| resolved by an arbitrator. An arbitrator is generally a | | | | because each party is required to bring in several |
| well qualified, impartial attorney who reviews the | | | | witnesses. Expert witnesses can be extremely |
| evidence, hears testimony and acts as the judge and | | | | expensive to bring into court. An arbitration is less |
| jury by rendering an opinion based on the facts. | | | | formal than a jury trial. This allows the parties to use |
| Arbitration is becoming more common, and may be in | | | | expert reports instead of live testimony from a |
| your best interest. | | | | witness. In some cases this can save the parties |
| Arbitration can be extremely beneficial for the following | | | | several thousands of dollars in litigation expenses. |