What are the differences between arbitration and other forms of dispute resolution?

Arbitration is a process of dispute resolution used in place of a trial in court. In arbitration, instead of having a judge and jury decide a case, a neutral third party, known as an arbitrator, hears the evidence and makes a decision. Arbitration is a faster, cheaper, and more private way to settle a dispute than a trial. One difference between arbitration and other forms of dispute resolution is that, in arbitration, the parties do not have a right to an appeal, as they would in court. With arbitration, the decision of the arbitrator is final. Another difference is that in many other forms of dispute resolution, such as mediation, the parties come to an agreement between themselves under the guidance of a third party, whereas in arbitration, the parties present evidence and arguments to the arbitrator, who then makes a decision. Another difference between arbitration and other dispute resolution processes is that in arbitration, the parties may present expert testimony from witnesses, as well as written documents such as contracts. In contrast, in other dispute resolution processes such as negotiation or mediation, the parties usually rely on their own knowledge and testimony to resolve their dispute. Finally, arbitration has advantages over court proceedings in some cases. In arbitration proceedings, the rules of evidence that apply in court do not apply, which can make the process faster and simpler. Generally, District of Columbia arbitration laws require a more streamlined process than litigation, meaning that the parties can reach an agreement faster.

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