How is the arbitration process different from the litigation process?

Arbitration and litigation are two different processes available when trying to resolve disputes in the state of Arkansas. Both have their own particular advantages and disadvantages. Arbitration is a private process in which parties to a dispute agree to submit their disagreement to a neutral, third-party arbitrator. The arbitrator reviews evidence and hears arguments from both sides before rendering a binding, final decision. Arbitration is generally faster and less expensive than litigation, since proceedings are usually held outside of the courtroom and are decided based on the evidence and arguments presented rather than a jury or judge. In contrast, litigation is the traditional process that involves filing an action in court and going to trial. Litigation is more formal and usually has a longer timeline than arbitration because the parties must wait for the court to hear and decide their case. Litigation is often expensive due to additional fees, like attorney’s fees, that aren’t necessarily incurred in arbitration. Additionally, litigation involves a number of procedural rules and obligations that must be followed. Ultimately, a judge or jury will render a verdict that is binding on both parties. In sum, the arbitration process and the litigation process are two distinct methods for resolving disputes that are available in the state of Arkansas. Arbitration is usually faster and less expensive but does not involve a court hearing or jury, while litigation is more formal and expensive but can involve a judge and jury ruling on the dispute.

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