What is the difference between arbitration and litigation?

The main difference between arbitration and litigation is the way in which disputes are resolved. In litigation, disputes are settled through a court of law. This is a public process, where both sides are represented in a courtroom before a judge and jury. The outcome of a trial is decided by the jury, and its decision is binding and final. In contrast, arbitration is a private dispute resolution process. In securities arbitration law in Texas, arbitrators, who are typically professionals with expertise in finance and securities, hear and consider evidence provided by both sides and deliver a resolution. This process is generally faster and less expensive than litigation. The resolution is legally binding and enforceable, although it may be challenged in court if one party is not satisfied with the outcome. Overall, arbitration and litigation are two different legal processes and each has its own advantages and disadvantages. Litigation is more public and judicial, and the jury’s decision is binding. While arbitration offers a faster and less expensive process to resolve disputes, it is private and the outcome is determined by an arbitrator.

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What is the difference between arbitration and litigation?

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