"Arbitration" Please respond to the following: Discuss the key features of arbitration and mediation, explain how they differ, and provide an example of cases for which each is suited. Justify the...

Running Head: ARBITRATION     1
ARBITRATION         2
ARBITRATION
Table of Contents
Key features of Arbitration and Mediation………………………………………………...3
Examples……………………………………………………………………………...………3
Benefits of ADR instead of trails…………………………………………………………….3
References    5
Key features of Arbitration and Mediation
Arbitration is like a private court. The arbitrator takes evidence, considers the dispute, and then makes a binding judgment. The parties to the dispute agree in advance to abide by the judgment of the arbitrator. It is generally a quicker process than going to court (Horton, 2018). Mediation is a process where an independent third party mediator facilitates a dispute resolution process where they help the parties to...