What is the difference between business litigation and business arbitration?

Business litigation and business arbitration are two different methods of settling disputes between parties. Business litigation is a process that involves filing a lawsuit in court, allowing a judge to decide the outcome of the dispute. The dispute is handled in the court system and parties are bound by the court’s decision. Business arbitration, on the other hand, is a process in which parties choose a neutral third-party arbitrator to resolve a dispute instead of going to court. The arbitrator will hear both sides of the dispute, receive evidence, and make a decision based on the facts of the case. This decision has the same binding force as a court judgment. In California, business owners have the option to choose either litigation or arbitration for resolving business disputes. However, arbitration is typically less expensive and faster than litigation. Furthermore, arbitration allows the parties to have more control over the process and the decisions rendered than a trial, which could be beneficial for both parties.

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What is the difference between business litigation and business arbitration?

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