What is the difference between arbitration and litigation?

Arbitration and litigation are two legal methods of resolving disputes between parties. While both can be used to resolve a dispute, there are some important differences between the two. When it comes to arbitration, this is a process that involves an alternate dispute resolution method. This means that instead of handling the dispute in court, two parties can agree to have a neutral third party (an arbitrator) help them to resolve the dispute outside the court system. Since arbitration takes place outside the court system, it means that the process is often much quicker and less expensive than litigation. On the other hand, litigation involves taking a dispute to court and having a judge hear the case. In litigation, the case is typically much longer and much more expensive than arbitration. Depending on the complexity of the case and the evidence presented to court, a judge may also need more time to make a decision. In addition, the decision of the court is legally binding and not subject to negotiation. In South Carolina, the laws governing arbitration, litigation, and alternate dispute resolution are set forth in the South Carolina Code of Laws. These laws are designed to ensure fairness and guide the process of resolving disputes.

Related FAQs

What is the difference between arbitration and litigation?

Related FAQs

Related Blog Posts