What is the difference between arbitration and litigation?

Arbitration and litigation are both types of legal methods used to resolve a dispute. However, there are fundamental differences between the two. Litigation is the process of resolving a dispute through a court of law. It involves both parties to the dispute and a judge or jury. The court then decides the outcome of the dispute, which will be binding on both parties. This process can be lengthy and costly, and requires active participation from both parties. Arbitration is a process in which an impartial third-party (the arbitrator) resolves the dispute between the parties. The arbitrator listens to both parties’ versions of the dispute, and then makes a decision based on the facts presented. In Indiana, arbitration is governed by the Rules of Arbitration of the Indiana Supreme Court. Unlike litigation, arbitration is often less formal and less costly, and is typically used to resolve more minor disputes. Although both arbitration and litigation are used to resolve disputes, they are very different processes with different costs and requirements. It is important to understand the differences between the two before deciding which type of legal process is best for a particular dispute.

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What is the difference between arbitration and litigation?

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