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

Arbitration is a form of dispute resolution that can involve parties directly involved in a conflict coming together to negotiate a settlement or select an arbitrator who will make a decision based on all the facts of the dispute. The arbitration process is more efficient than a traditional court action because it is less expensive and can result in mutual resolution of the conflict. The other forms of dispute resolution include negotiation, mediation, and litigation. Negotiation involves the two or more parties directly involved in the dispute talking to one another to come up with a resolution. Mediation is similar to negotiation, but a mediator is present to help facilitate the discussion. Litigation involves filing a lawsuit in court and having the court decide the dispute. In Texas, arbitration is governed by the Texas General Arbitration Act. The Act sets out procedures which must be followed in order to have a binding arbitration. It also outlines the rights of parties and how the arbitration process will take place. The goal of the Act is to provide parties with an inexpensive and efficient way to resolve disputes without going to court. In comparison to the other forms of dispute resolution, arbitration can provide quicker resolution and can be private. The other forms of dispute resolution are handled in a public forum and are more expensive to pursue. It is important to consult with an attorney prior to entering into any form of dispute resolution to make sure that the rights of all parties are properly protected.

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

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