What is the difference between mediation and arbitration?

Mediation and arbitration are both forms of alternative dispute resolution, or ADR. Mediation is a less formal process than arbitration, where the parties involved in a dispute come together with a third-party mediator to work out a mutually agreeable resolution. The mediator does not decide the outcome of the dispute; they merely assist the parties in finding a mutually agreeable settlement. In contrast, arbitration involves a third-party arbiter who makes a binding decision on the outcome of the dispute. The arbiter is typically an impartial expert in the relevant field, and the arbitration process is usually more formal and structured than mediation. In Minnesota, mediation and arbitration can both be used to resolve civil disputes. In mediation, the parties are in control of the outcome, while in arbitration the arbiter has the final say. However, in either case, the decision is binding and the parties are legally obligated to abide by the terms of the agreement. Each process has its own benefits and drawbacks, so the parties involved must consider which is best for their particular dispute.

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What is the difference between mediation and arbitration?

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