What is the difference between arbitration and litigation?

Arbitration and litigation are two different ways to settle disputes. Litigation is a legal process that typically involves a court hearing or a trial, and the parties to the dispute bring their claims before a judge or jury. The ruling of the court or jury will then decide the outcome of the dispute. On the other hand, arbitration is an alternative dispute resolution (ADR) process that involves the use of a neutral third party, called an arbitrator, to hear both sides of the dispute and make a binding decision. In arbitration, the parties choose the arbitrator, and they can both agree on the rules of the arbitration process, and the outcome is binding. In the context of securities arbitration law in New Hampshire, the arbitration process is governed by the New Hampshire Securities Regulation Board, which regulates the dispute resolution process between investors, brokers, and securities firms. The New Hampshire Securities Regulation Board provides procedures for parties to select an arbitrator, and then hold hearings at which both sides of the dispute can present evidence and legal arguments to support their claims before the arbitrator. At the end of the process, the arbitrator will issue a decision that is binding on both parties. This decision may be appealed to a court of law, but it is not required.

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What is the difference between arbitration and litigation?

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