What are the differences between arbitration and private judging systems?

Alternative Dispute Resolution (ADR) Law is a method that is used to resolve conflicts between two parties without going to court. There are several types of ADR that can be used, including arbitration and private judging systems. Arbitration is a more formal process of ADR that involves a third-party neutral called an arbitrator. The arbitrator listens to both sides of the dispute, considers all relevant evidence, and then makes an informed decision that resolves the dispute. This decision may be legally binding, depending on the agreement between the parties. Private judging systems are similar to arbitration, but the process is less formal and the private judge is appointed and paid for by the two parties involved in the dispute. The judge will hear both sides of the dispute, consider evidence, and make a decision that resolves the dispute. However, the decision of a private judge is generally not binding and either side may take the dispute to court if they are dissatisfied with the outcome. Overall, the main difference between arbitration and private judging systems is the level of formality and the enforceability of the decision that is made. Arbitration is a more formal process and the decision may be legally binding if agreed to by both parties, while private judging is a less formal process and the decision is generally not legally binding.

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What are the differences between arbitration and private judging systems?

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