What is the difference between arbitration and litigation?

The main difference between arbitration and litigation is the way disputes are resolved. Litigation is the more traditional approach to dispute resolution and generally involves a court. In a litigation dispute, the parties involved agree to have a judge or jury resolve their dispute. This process can often be lengthy and expensive. Arbitration, on the other hand, is a faster and more cost-efficient option. In an arbitration, the parties involved in the dispute agree to have an impartial third-party (an arbitrator) review the facts of the case and make a binding agreement. This agreement is usually based on the evidence presented and the laws of the jurisdiction. In New Hampshire, arbitration is generally less formal than litigation and is binding on the parties involved. The rules of procedure are typically less stringent than those used in court proceedings. The parties involved in the dispute must also pay the arbitrator’s costs, which may include a filing fee. The advantages of arbitration include the cost savings, the speed of resolution, and the private nature of the proceedings. The arbitrator’s decision does not need to be appealed to the court as it is binding on the parties. On the other hand, litigation is more suited to complex cases, where the parties are likely to appeal the decision if necessary.

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What is the difference between arbitration and litigation?

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