Which is better arbitration or litigation?
Arbitration is an alternative to litigation. It’s generally faster and cost much less but it requires both parties to agree. With disputes that’s not always possible so litigation becomes the only option. Anytime both parties can agree to arbitration in a “neutral” forum, arbitration is preferable on a cost and time basis. If you are really interested in the differences, http://www.net-ARB.com/ outlines the advantages and disadvantages in greater detail.
